Equity Pacific is pleased to announce the sale of the 40-Unit Hillcrest View Apartments located at 888 Vermont Street in North Bend, Oregon. The property sold for $1,700,000 ($42,500 per unit and $76 per SF).
The Hillcrest View Apartments were built in 1970. This investment property comprises twenty (20) 2BR/1BA apartments of approximately 600 square feet and twenty (20) 1BR/1BA apartments of approximately 500 square feet. Units are individually metered for electricity, with electric hot water heaters and electric baseboard heaters. Many units have hardwood floors and tiled kitchens and baths. Covered parking is available for tenants, along with private storage units within the building.
The Hillcrest View Apartments are located in North Bend, OR just one mile north of (and surrounded by) the city of Coos Bay. The North Bend airport has recently been upgraded and has several domestic flights a day. Visitors now come to explore the lifestyle of a quaint coastal town, the popular Mill Casino, and world renowned golf at courses such as Bandon Dunes only a short drive away.
Chuck Brazer represented the buyer to the transaction.
888 Vermont Street | North Bend, Oregon 97459