Multifamily
Plum Court Apartments
287 S College St, Monmouth, OR 97361
Listing Price: $1,325,000
Investment Overview
The Rhoades Group of Marcus & Millichap is excited to exclusively represent the sale of Plum Court Apartments. Nestled in a serene, green setting, Plum Court offers a unique opportunity for investors. This property consists of 11 units spread across two buildings. The main building features a mix of charming studio and one-bedroom apartments, while a fully remodeled 3-bedroom, 1-bathroom home with stunning exposed beam ceilings and a back wall of windows sits on the same tax lot.
With a current in-place cap rate of 6.89%, Plum Court delivers an above-market return, making it an attractive option for savvy investors. The potential to either separate the newly renovated home or maintain it as part of a streamlined investment provides flexibility to maximize value and future returns.
Whether you’re looking to grow your portfolio with a high-yielding asset or explore creative parceling off opportunities, Plum Court is poised to be an excellent addition to your investment strategy.
Exclusively Listed By
Listing Price: $1,325,000
Investment Highlights
- 6.89 Cap Rate Delivering Above Market Returns
- Property Includes Fully Remodeled House
- Strong Cash Flow Day One
Investment Overview
The Rhoades Group of Marcus & Millichap is excited to exclusively represent the sale of Plum Court Apartments. Nestled in a serene, green setting, Plum Court offers a unique opportunity for investors. This property consists of 11 units spread across two buildings. The main building features a mix of charming studio and one-bedroom apartments, while a fully remodeled 3-bedroom, 1-bathroom home with stunning exposed beam ceilings and a back wall of windows sits on the same tax lot. With a current in-place cap rate of 6.89%, Plum Court delivers an above-market return, making it an attractive option for savvy investors. The potential to either separate the newly renovated home or maintain it as part of a streamlined investment provides flexibility to maximize value and future returns. Whether you’re looking to grow your portfolio with a high-yielding asset or explore creative parceling off opportunities, Plum Court is poised to be an excellent addition to your investment strategy.
Exclusively Listed By
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