1270 PACIFIC AVE, Forest Grove, OR 97116
1270 PACIFIC AVE, Forest Grove, OR 97116
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LuzMaria Simmons

LuzMaria Simmons

+1(503) 422-1919
Listed by Premiere Property Group, LLC
$ 6,300,000
Est. payment | /mo

27,077 SqFt

Save
$ 6,300,000
Est. payment | /mo
Save

27,077 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 27,077 sqft

Price per Sqft $232

MLS Listing ID 578623787

Year Built 2021

Annual Tax Amount $73,859

Tax Year 2025

Lot Size 0.800 Acres

Property Description

1031, sell them per your tax scenario. Since these are Fee Simple, you can sell them per your greatest tax advantage. Great assumable 5.45 rate loan! These are newer construction duplexes situated just 13 blocks from Pacific University in a great college town location with strong rental demand. The properties feature good street appeal and are convenient to campus, downtown Forest Grove, and commuting routes. **Portfolio Pricing Options:**- 3 duplexes: $660,000 each- 6 duplexes: $645,000 each ($3,870,000 total)- All 10 duplexes: $6,300,000 total. Current combined monthly income for all 10 properties is approximately $42,000+. Roughly half of the $6.3M portfolio purchase price may qualify for loan assumption at a low interest rate. This is an excellent opportunity for investors seeking residential income property in Forest Grove. Newer development allows you Low Maintenance cost. Fee Simple units.

Location

State OR

County Washington

Area _152

Zoning R-5

Rooms

Basement None

Interior

Heating Forced Air, Heat Pump

Cooling Central Air, Heat Pump

Exterior

View Territorial, Trees Woods

Roof Type Composition,Shingle

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter, Slab

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Joseph Gale

Middle Schools Neil Armstrong

High Schools Forest Grove

Others

Acceptable Financing Conventional

Listing Terms Conventional

Regional Multiple Listing Service (RMLS)

Nearby Locations

LuzMaria Simmons

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 422-1919

realtor@luzmariasimmons.com

2175 NW Raleigh Str #110, Portland, Oregon, 97210, USA

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1270 PACIFIC AVE