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12374 W CHURCH RD NE
MOUNT ANGEL, OR 97362-9773
Asking Price
$1.30M
Asset Type
Residential Land
Class
Class B
What's Special
6-Acre Residential Development Opportunity - Mt Angel, OR <ul><li><ul><li>6 acres inside the Mt. Angel UGB</li><li>Direct frontage on W Church Rd NE</li><li>Clear path to annexation under the city's residential land needs</li><li>Flat-to-gently-rolling topography suitable for efficient lot layouts</li><li>Utilities available in proximity</li><li>Strong comparable absorption in Mt. Angel and surrounding Marion County communities</li></ul></li></ul>
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NOI
$80,000
Cap Rate
6.15%
DSCR
1.04
Tight
Cash-on-Cash
0.72%
Monthly Payment
$6,431.691
Annual Cash Flow
$2,819.712