313 Warner Milne RdOregon City, OR 97045

Property Details for 313 Warner Milne Rd

Year built

1969

Lot size

0.92 AC

Property size (Sq ft)

11,432 SF

Property type

Apartment buildings

Description

Grandview Apartments presents a compelling investment opportunity in Oregon City, Oregon. This 12-unit apartment building boasts 11,432 square feet situated on a 0.92-acre lot. Built in 1969, the property features spacious two-bedroom units, each equipped with an attached garage offering direct access. Residents enjoy desirable amenities including open-concept kitchens and living rooms, fully-equipped kitchens with dishwashers, washer/dryer hookups, fireplaces, and private backyards or covered patios. Recent upgrades include new windows and roofing, enhancing both aesthetics and energy efficiency. The property's prime location offers unparalleled convenience. It's a short walk from Hilltop Mall, providing easy access to Safeway, Orange Theory Fitness, Regal Cinemas, and numerous dining establishments. Furthermore, its proximity to Clackamas Community College, a major institution serving over 25,000 students and staff, ensures consistent demand. Excellent public transportation via TriMet buses and the MAX Orange Line further enhances the property's appeal. The asking price is $2,550,000, representing a price per unit of $212,500 and a price per square foot of $223.06. The property's strong performance is reflected in its attractive 5.91% cap rate. This well-maintained apartment building offers a blend of comfort, convenience, and strong investment potential.

Location Insight

City

Oregon City

County

Clackamas

State

Oregon

Latitude

45.3371

Longitude

-122.594

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