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For Sale

ELLIOTT ESTATES

615-629 N Elliott Rd | Newberg, OR 97132

Property Details

Price$2,599,000
Available SF12,743 SF
Property Size0.95 Acres

Supporting Documents

Description

  • Number of units: 10
  • Number of buildings: 4
  • Zoning: R-2 (Medium Density Residential)

Highlights

  • Strong rental collections and historical occupancy
  • Attached garages
  • Washer and dryer hookups in units
  • Well maintained and professionally managed
  • Close proximity to George Fox University & Newberg High School
  • Roofs replaced in 2016
  • 3 units partially updated (new appliances and LVT flooring)
  • Excess land for added density
  • Upside on in-place and asking rents
  • Tenants pay for garbage
  • Water/sewer billed back on RUBs

Brokers