FOR SALE:  The twelve unit Lindsey Park Apartments is offered for sale at $2,500,000.  This twelve unit listing features a mix of two bedroom one and half bath units, three bedroom two and a half bath units, plus a three bedroom house on the same tax lot.  There are eleven garages and two large (11′ x 11′) storage rooms onsite.

The property has off-street parking and washer and dryer hookups.  The apartment building was built and operated by the seller, with only one ownership group since the property was developed in 1999.

PROPERTY HIGHLIGHTS:

  • Great location next to David Douglas High School
  • On-site parking
  • Washer/dryer hookups in the units
  • 11 garages and 1 storage unit
  • Built in 1999

LISTING SUMMARY:

PRICE:  $2,500,000

PRICE PER UNIT:  $208,333

PRICE PER SQUARE FOOT:  $145.77

ESTIMATED CAP RATE:  6.04%

Click here for the property flyer

For more information on the property call Bernard Gehret at Joseph Bernard Investment Real Estate, 503-546-9390.