Equity Pacific is pleased to announce the sale of the 16-Unit Mountain View Apartments located at 1907 N College Street in Newberg, OR. This investment property sold for $1,800,000 ($112,500 per unit and $146 per SF).
The Mountain View Apartments were built in 1973 and consist of eight one-story duplexes, comprising one (1) 4BR/2BA apartment of approximately 950 square feet, one (1) 3BR/1BA apartment of approximately 850 square feet, and fourteen (14) 2BR/1BA apartments of approximately 750 square feet. Each apartment has an attached garage. There is laundry room with four coin-operated washers and dryers.
The Mountain View Apartments are located one mile from downtown Newberg and in close proximity to George Fox University.
The new owners intend to continue to make improvements to the apartments to achieve top of the market rents.
Jason Waxberg represented the buyer to the transaction.
1907 N College Street, Newberg, Oregon 97132