New Price! 49 Units in Albany, Ore. | Sherman Oaks | $5.5 Million

4065

Property ID

32,611 SqFt

Size

Description

Sherman Oaks consists of 49 units in five buildings. Current ownership has been performing renovation work over the past year and has completed a full remodeling of 26 units. Renovated units have achieved rent increases over standard or partially renovated units. This continued value-add opportunity combined with the potential to buy a high number of units at an appealing price makes Sherman Oaks a strategically attractive investment. The city of Albany is experiencing significant population growth due to its convenient location between Eugene/Springfield and Salem/Keizer, both of which are more expensive for similar investment properties.

Address

Address: 2428 Oak St SE, Albany, OR 97322, USA
  • Province / State: Oregon
  • City / Town: Albany
  • Postal code / ZIP: 97322
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  • Property ID 4065
  • Price $5,500,000
  • Property Type Multifamily
  • Property status For Sale
  • Year Built 1989
  • Size 32,611 SqFt
  • Label Under Contract
  • Sellers Motivation Reinvest
  • Number of Units 49

Map View

Contact

Greg Frick

Property Seller
(503) 241-5541
greg@hfore.com
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