11561 NE WILCO HWY Mt. Angel, OR97362
$1,250,000
9 total units
21 total bedrooms
9 total bathrooms
$124,560 annual income
5608 total sq. ft
1 to 2.99 Acres
Elementary School: St Marys
Middle School: Mt Angel
High School: Kennedy
Zoning: EFU
810 days on market
VestorFilter™
Price per unit$138.9K/unit
Price per ft²$222.90/ft²
Recent price drop$200,000
Price per acre$1.25M/ac
Price per bedroom$59.5K/bed
Time on market810 days
Property Description
Zollner Creek Apts is a single story 9-unit community comprised of 1 cottage, 2 4-plexes (ea on separate tax lots), Dog-Park, Gazebo, Play Court, & laundry rm serviced by CoinMeter. On-site storage & plenty of parking + add paid parking & RV parking. Spacious country living complete w/ Fiber Optic Internet & affordable family housing keeps these units in high demand. Property taxes are just over $3K/yr w/ $115K in gross rents & 8.3% cap on proforma w/ upside potential exceeding 11% cap at $198K.
{{ compliance-logo }}Listing Provided By Amsden Realty, LLC
Financial Data
Date Sold2022-05-20
Sold Price$1,250,000
Price ChangeDropped $200,000 on 05/26/2022
Total $249,000 drop
Total $249,000 drop
Original Price$1,499,000
Current Price$1,250,000
Property Taxes$3,231
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Home Facts
StatusClosed
Year Built1965
Exterior Features
MLS ID22266286
Unit Details
Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
Unit 6
Unit 7
Unit 8
Unit 9
