1200 38th AVE $9,950,000

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    1200 38th AVE Sweet Home, OR 97386

    • 2 Beds
    • 2 Baths
    • Multi-Family
    • Listing# 22197844
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    Views: 30 Days On Site: 36

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    Property Details

    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.

    • 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
    • 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
    • Room Features
      • Legal Description DN2006-27605
      • Limited Representation Y/N Full Service
    • Property Features
      • Lot Description Level
      • Lot Size 1 to 2.99 Acres
      • Property Category Multi Family
      • Roof Type Composition
    • Schools
      • Elementary School Foster
      • High School Sweet Home
      • Middle School Sweet Home

    Contact

    GoodHome Group, LLC

    GoodHome Group, LLC

    Our Brokers: Mark Shadrin & Andrea Gonzalez (Espanol)

    Real Estate Professionals Salem

    Direct: 503-983-4405
    • American Home Shield - Be sure with the Shield.

    Neighborhood

    97386 (Sweet Home) Demographics

    46 Median Age
    121 Population Density (per sq. mile)
    18% College Educated
    $52,333 Estimated Median Income
    4,086 Estimated Total Home Owners
    1,792 Estimated Total Renters
    70% / 30% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    15,584 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $339,950 Median Sales Price
    36 Homes Sold
    52 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $9,950,000
        5/20/2022 11:37:00 AM New in Database Source: Multiple Listing Service New Value: $9,950,000

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        MLS LogoThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Real Estate Professionals are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2022 RMLS™, Portland, Oregon. This content last updated on 6/25/2022 3:23:44 AM. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.