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248 South Street, 1 - 9
Butte Falls, OR 97522
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
$68,777/unit <p><strong>Newly stabilized at 100% occupancy.</strong> Unit C3 fully refurbished and leased at market — property now fully leased.</p><ul><li><strong>~8.99% cap rate</strong> on in-place stabilized NOI; <strong>~9.80% cap</strong> on a normalized recurring basis.</li><li><strong>HUD Section 8 HAP</strong> contracts cover approximately 47–48% of gross income (~$43,700/yr) — federally backed rental floor.</li><li><strong>$68,778 per unit</strong> — well below replacement cost.</li><li><strong
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547