Multifamily
Ivy Avenue
1010 Ivy Ave, Tillamook, OR 97141
Listing Price: $985,000
Investment Overview
The Rhoades Group of Marcus & Millichap is pleased to present Ivy Avenue Apartments, located in picturesque Tillamook, Oregon. Ivy Avenue Apartments offer a straightforward value-add proposition in a classic single-level layout. The asset is comprised of 12 units in studio, one- and two-bedroom floorplans. Originally constructed in 1938, Ivy Avenue has received light updates over the years, but is still poised for curb appeal and interior improvements to capture tenants seeking higher-quality residential options in a town with exceptionally low vacancy and limited market-rate housing options.
Ivy Avenue
Investment Highlights
- Diverse Unit Mix - Twelve Units Spread Across Two-Bedroom, One-Bedroom and Studio Units Providing Intrinsic Rental Market Diversity
- Constrained Housing Supply - Tillamook County Has Limited Land for Multifamily Development, Creating a High Demand for Rental Housing, Renter Households Account for 48% of Housing Stock within 1 Mile
- Thriving Agricultural Sector - Tillamook is Well-Known for its Strong Agricultural Economy, Bolstered by its Thriving Dairy Sector, Which Supports Jobs and Promotes Local Agriculture
Exclusively Listed By
Listing Price: $985,000
Investment Highlights
- Diverse Unit Mix - Twelve Units Spread Across Two-Bedroom, One-Bedroom and Studio Units Providing Intrinsic Rental Market Diversity
- Constrained Housing Supply - Tillamook County Has Limited Land for Multifamily Development, Creating a High Demand for Rental Housing, Renter Households Account for 48% of Housing Stock within 1 Mile
- Thriving Agricultural Sector - Tillamook is Well-Known for its Strong Agricultural Economy, Bolstered by its Thriving Dairy Sector, Which Supports Jobs and Promotes Local Agriculture
Investment Overview
The Rhoades Group of Marcus & Millichap is pleased to present Ivy Avenue Apartments, located in picturesque Tillamook, Oregon. Ivy Avenue Apartments offer a straightforward value-add proposition in a classic single-level layout. The asset is comprised of 12 units in studio, one- and two-bedroom floorplans. Originally constructed in 1938, Ivy Avenue has received light updates over the years, but is still poised for curb appeal and interior improvements to capture tenants seeking higher-quality residential options in a town with exceptionally low vacancy and limited market-rate housing options.
Exclusively Listed By
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