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Listed by Premiere Property Group, LLC
$ 6,300,000
Est. payment /mo
Active
1270 PACIFIC AVE Forest Grove, OR 97116
26,787 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 26,787 sqft
Price per Sqft $235
MLS Listing ID 578623787
Year Built 2021
Annual Tax Amount $73,859
Tax Year 2025
Lot Size 0.800 Acres
Property Description
Fabulous 1031 Exchange Property. Since these are Fee Simple, you can sell them per your greatest tax advantage. Great assumable 5.45 rate loan! These are newer construction duplexes situated just 13 blocks from Pacific University in a great college town location with strong rental demand. The properties feature good street appeal and are convenient to campus, downtown Forest Grove, and commuting routes. **Portfolio Pricing Options:**- 3 duplexes: $660,000 each- 6 duplexes: $645,000 each ($3,870,000 total)- All 10 duplexes: $6,300,000 total. Current combined monthly income for all 10 properties is approximately $42,000+. Roughly half of the $6.3M portfolio purchase price may qualify for loan assumption at a low interest rate. This is an excellent opportunity for investors seeking residential income property in Forest Grove. Newer development allows you Low Maintenance cost. Fee Simple units.
Location
State OR
County Washington
Area _152
Zoning R-5
Rooms
Basement None
Interior
Heating Forced Air, Heat Pump
Cooling Central Air, Heat Pump
Exterior
View Territorial, Trees Woods
Roof Type Composition,Shingle
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Joseph Gale
Middle Schools Neil Armstrong
High Schools Forest Grove
Others
Acceptable Financing Conventional
Listing Terms Conventional
Nearby Locations