Happy Place Apartments are brand new multi-family complexes located in Sweet Home. This sale includes the 5 buildings completed in Phase 1. Each building consists of 8 units, for a total of 40-2 bedroom, 2 bathroom, 928 square foot apartments. Property includes great parking with over 2.5 available parking spaces per unit. Each unit is equipped with Whirlpool stainless steel kitchen appliances, laminate flooring, and a porch with a storage closet.
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General Features
- Area Linn County
- Bank Owned Y/N No
- Capitalization Rate 4.75
- Country US
- Fuel Description Electricity
- Gross Income Actual 634152
- Gross Income Projected 634152
- Gross Rent Multiplier 15.69
- Heating Description Zoned
- Hot Water Description Electricity
- Net Income Actual 472184
- Net Income Projected 472184
- Number Of Units Total 40
- Occupancy Types Leased,Vacant
- Operating Expenses Actual 161968
- Operating Expenses Projected 161968
- Sewer Description Public Sewer
- Short Sale Y/N No
- Stories 2
- Supplement Number 0
- Tax Amount 55500.00
- Terms Cash,Conventional
- Third Party Approval Y/N No
- Utilities Included Electricity,Trash Collection,Sewer,Water
- View Type Mountain(s),Territorial
- View Y/N Yes
- Water Description Public Water
- Year Built 2022
- Zoning C2
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Building Features
- Basement1 Slab
- Storage Deck
- Unit Type1 Baths Total 2
- Unit Type1 Beds Total 2
- Unit Type1 Features Dishwasher,Range,Refrigerator,Washer/Dryer
- Unit Type1 Rent 1295
- Unit Type1 SqFt 928
- Unit Type1 Units Total 40
- UnitFeatures Dishwasher,Range,Refrigerator,Washer/Dryer
- UnitTypeType 1
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Room Features
- Legal Description DN2006-27605
- Limited Representation Y/N Full Service
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Property Features
- Lot Description Level
- Lot Size 1 to 2.99 Acres
- Property Category Multi Family
- Roof Type Composition
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Schools
- Elementary School Foster
- High School Sweet Home
- Middle School Sweet Home