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885 Sommerville Loop - Sommerville Apartments

28 Unit Apartment Building Offered at $1,306,352 CAD at a 12.08% Cap Rate in Harrisburg, OR 97446

Apartment Buildings Oregon Harrisburg 885 Sommerville Loop, Harrisburg, OR 97446

Investment Highlights

  • LIHTC-Section 42 affordability restrictions run through 2058
  • Offers due by 4pm on December 9th.
  • 28 townhouse style units on 2.77 acres
  • Email all question or to get the full package. jschmick@windermere.com

Executive Summary

**LIHTC-Section 42-Affordability Restrictions run through 2058** 28 units built in 1998.
Townhouse style layouts. 14 separate buildings on 2.77 acres.
12%+ cap rate on stabilized operations.
Offers due by 4pm on December 9, 2024.
Email all question or to request the full package. jschmick@windermere.com
Need the attached non-disclosure agreement signed in order to share all details.

Attachments

CONFIDENTIALITY AND NON DISCLOSURE AGREEMENT

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,306,352 CAD Property Type
Multifamily
  • Multifamily Apartments
Price Per Unit $46,655 CAD Lot Size 2.77 AC
Sale Type Investment Building Size 34,486 SF
Cap Rate 12.08% Average Occupancy 89%
Gross Rent Multiplier 3.88 No. Stories 2
No. Units 28 Year Built 1998
Price $1,306,352 CAD
Price Per Unit $46,655 CAD
Sale Type Investment
Cap Rate 12.08%
Gross Rent Multiplier 3.88
No. Units 28
Property Type
Multifamily
  • Multifamily Apartments
Lot Size 2.77 AC
Building Size 34,486 SF
Average Occupancy 89%
No. Stories 2
Year Built 1998

Site Amenities

  • Laundry Service

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 10 $694.61 CAD 920
3+1.5 18 $1,320 CAD 1,250
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PROPERTY TAXES

Parcel Number 0848493 Total Assessment $1,246,265 CAD
Land Assessment $0 CAD Annual Taxes -$1 CAD ($0.00 CAD/SF)
Improvements Assessment $0 CAD Tax Year 2023

PROPERTY TAXES

Parcel Number
0848493
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,246,265 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
(541) 465-8107

  • Listing ID: 34008145

  • Date on Market: 2024-11-26

  • Last Updated:

  • Address: 885 Sommerville Loop, Harrisburg, OR 97446

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Drone #2

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885 Sommerville Loop - Sommerville Apartments
(541) 465-8107 x

885 Sommerville Loop - Sommerville Apartments

Justin Schmick

(541) 465-8107

(541) 465-8107

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