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.
- 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
PRICE PER UNIT: $208,333
PRICE PER SQUARE FOOT: $145.77
ESTIMATED CAP RATE: 6.04%
For more information on the property call Bernard Gehret at Joseph Bernard Investment Real Estate, 503-546-9390.