445 SW Elm Rd, Estacada, OR 97023

Estacada Lakes Apartments is a garden style, 18 unit complex built in 1973 and located in Estatcada OR. (16) 2 bed / 1 bath units and (2) 1 bed / 1 bath units with average unit size of 792 SF. Onsite laundry room, off-street tenant parking. Current NOI of $132,000 with projected NOI at $172,000. 5.6% cap on actuals and a 6.9% on highest achieved rents. Located in a quiet neighborhood within walking distance to schools, hospitals and numerous other amenities. Please do not disturb the residents. Submit offer to purchase subject to initial walk through – showing only upon accepted offer to purchase.