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940 NW 2nd St
Prineville, OR 97754
Asking Price
$4.10M
Cap Rate
6.4%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 22 Units | $186,364/unit <ul><li>Townhome-Style Community: 22 low-rise units totaling ~20,900 NRSF (~950 SF average) </li><li>Attractive Basis: $4,100,000 purchase price ($186,000 per unit) </li><li>Turnkey Stabilized with Upside: $283,166 NOI at a 6.91% CAP rate </li><li>Rental Upside: Approximately 5.82% mark-to-market opportunity </li><li>Capital Improvements & Renovations: Recent upgrades include new metal roofs (2018), exterior paint, parking lot seal/stripe (2020), and renovated interiors in 20 of 22 uni
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NOI
$80,000
Cap Rate
1.95%
DSCR
0.33
Underwater
Cash-on-Cash
-13.29%
Monthly Payment
$20,284.563
Annual Cash Flow
$-163,414.756