Hickory Hollow Apartments

For SaleAlbany725 NW Hickory St, Albany, OR 97321, USA

725 NW Hickory St, Albany, OR 97321, USA

725 NW Hickory St, Albany, OR 97321, USA
    $13,000,000
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    Listing Details

    • Category:
    • Status:
    • Type: Multifamily
    • Multifamily Type: Low-Rise/Garden
    • Date added: Added 9 months ago

    Descriptions

    • Description:

      Multi-Family apartment complex in Albany on 2.25 acres with 48 total units. Strong rental performance, excellent local schools, great location near bus stop, retail shopping, downtown Albany and Park & Ride. Unit mix of 1, 2, & 3 bedrooms. High quality construction with many amenities including onsite managers office, fenced in dog park, private garden, AC, washer dryer, etc. With thoughtful site design and 40% open space landscaping it's a beautiful place for residents. Assumable loan at blended 3.63% interest rate.

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    Property Information & Location

    • State: 379
    • County: Benton
    • Cross Street: Nw North Albany Rd
    • APN: 028641
    • Lot Size, Acres: 2.25
    • Lot Size, Sqft: 98010
    • Zoning: MUC
    • Property Taxes: 70977
    • Property Tax Year: 2022
    • Existing Utilities: Curb/Gutter, Streets, Electricity, Gas, Water, Sewer, Cable, Telephone, Irrigation
    • Topography: Level
    • Side of Street: North

    Sale Terms

    • Sale Type: Investment
    • Cap Rate: 4.18%

    Building Details

    • Property Name: Hickory Hollow Apartments
    • Building Status: Existing
    • Gross Leasable Area (SF): 45108
    • No. Buildings: 4
    • Floors: 3
    • Year Built: 2018
    • Tenancy: Multiple
    • Occupancy: 100%
    • Parking Type: Surface
    • ADA Compliant: Yes

    Video

    • Video:

    Documents

    • Documents:
      Listing-Digital-HickoryHollow-2023-07-05c.pdf 14.83 MB

    Showing Instructions

    • Lockbox: No
    • Showing Instructions: Appointment Only, Call Listing Broker
    • Listed By: James Hauge, Principal Broker | OR 200107093
    • Broker's Phone Number: 503-877-2101
    • Broker's Email: jamesh@legacyre.com

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    This property is located in Albany is currently and has been listed on Legacy Real Estate - Corporate. This property is listed at $13,000,000.

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