Out of State - 10 Units - 9.1% Cap - 100% Occupied - 2 Multifamily Portfolio - $1.15M

[Dylan Anderson]

Hi there, I am an out of state investor selling a small portfolio of 2 Multifamily Properties with 10 Units (Duplex and 8 Units Plex). 1 Unit is in Warrenton, Oregon, on the amazing Oregon Coast, and the other is in Culbertson, MT (near the Bakken oil fields and tons of growth). I am looking to do a 1031 exchange. I have zero problems owning them and leaving it all to each property managers, in place for a long time. 

The specifics....

10 Units

$134k in Annual Income (100% Occupied)

9.1% Cap

Property Management already setup and easy to transition.

New Units - Warrenton built 2005 and Montana built 2015

Warrenton, Oregon - 6 Bedrooms, 5 baths (both 3 bedroom units)

Built in 2005, Fresh Paint. Been fully occupied its whole life I have owned it throughout. Near Coast Guard, Home Depot, Astoria, Seaside, Costco and walking distance to downtown.

Culbertson, MT - 8 Units, All 2 bedrooms, 1.5 Baths. Stainless Appliances, Washer / Dryer in units. Fully occupied. Great Property Management. Near Bakken Oil Fields, Williston, ND, general lack of other options for nice rentals in the area. 

Both cash flow very nicely obviously. If interested please let me know.