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Multifamily

Stephens Court

2541 NE Stephens St, Roseburg, OR 97470

Listing Price: $2,150,000

Cap Rate
5.58%
Number of Units
23
Occupancy
95.0%
Price/Unit
$93,478
Price/Gross SF
$195.45
Gross SF
11,000

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Stephens Court, a 23-unit complex located directly off Stephens Street in Roseburg, Oregon. Originally built in the 1940’s, this property has undergone significant improvements in the past few years including new roofing, paint and windows. The majority of the units have been renovated with new bathrooms, cabinets, appliances, fixtures, flooring and countertops. Nine of the units remain unrenovated presenting the opportunity for an investor to capitalize on. The city of Roseburg is located about an hour south of Eugene and about the same distance north of Grants Pass. The city was founded on the timber industry, which remains the backbone of the economy today. The Stephens Court is located just a few minutes from access to Interstate 5. Mercy Medical Center, which employs more than 3,000 people is just five minutes away. The location provides quick and easy access to major shopping and restaurant chains including Costco, Walmart, Fred Meyer and the Roseburg Valley Mall. Roseburg is growing and is desperate for quality and affordable rental properties. Construction is not keeping up with demand, causing rents in the area to increase beyond the affordability threshold. The Stephens court offers investors the opportunity to capitalize on an underperforming asset in a thriving rental market.

Investment Highlights

  • Value-add with proven upside
  • Heavy lifting complete; newer roofs, windows, siding/paint
  • More than half of the interiors are renovated.

Exclusively Listed By

Multifamily

Stephens Court

Listing Price: $2,150,000

Cap Rate
5.58%
Number of Units
23
Occupancy
95.0%
Price/Unit
$93,478
Price/Gross SF
$195.45
Gross SF
11,000

Investment Highlights

  • Value-add with proven upside
  • Heavy lifting complete; newer roofs, windows, siding/paint
  • More than half of the interiors are renovated.

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Stephens Court, a 23-unit complex located directly off Stephens Street in Roseburg, Oregon. Originally built in the 1940’s, this property has undergone significant improvements in the past few years including new roofing, paint and windows. The majority of the units have been renovated with new bathrooms, cabinets, appliances, fixtures, flooring and countertops. Nine of the units remain unrenovated presenting the opportunity for an investor to capitalize on. The city of Roseburg is located about an hour south of Eugene and about the same distance north of Grants Pass. The city was founded on the timber industry, which remains the backbone of the economy today. The Stephens Court is located just a few minutes from access to Interstate 5. Mercy Medical Center, which employs more than 3,000 people is just five minutes away. The location provides quick and easy access to major shopping and restaurant chains including Costco, Walmart, Fred Meyer and the Roseburg Valley Mall. Roseburg is growing and is desperate for quality and affordable rental properties. Construction is not keeping up with demand, causing rents in the area to increase beyond the affordability threshold. The Stephens court offers investors the opportunity to capitalize on an underperforming asset in a thriving rental market.

Exclusively Listed By

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