Cedar Village Apartments

650 5th Street, Brookings, OR 97415

  • For Sale $3,000,000
  • Property Type Multi-Family
  • Property Size 19,400 SF
  • Units 20
  • Lot Size 1.1 Acre
  • Year Built 1977
  • Year Renovated 2024
  • Date Updated Jan 29, 2025
Located in Oregon's most South Western county, Brookings will benefit from long term trends as California emigrants search for more affordable housing options in Oregon.Cedar Village Apartments presents investors with a value add project with only 10 turns remaining. Located near schools and the main commercial corridor, the complex is situated near public transit, public schools, and parks and recreation areas. The southern Oregon coast faces affordability and supply challenges. Coupled with positive net immigration from California, Cedar Village represents a strong value buy with a robust value add component.
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Attachments

Highlights

  • - Rent upside
  • - Ten out of the 20 units have been recently remodeled and two are in the process of a complete remodel
  • - All have working, certified fireplaces and stackable washer/dryer hook-ups.
  • - All remodeled apartments have new baseboard heaters and electrical outlets and switches.
  • - There are no individual balconies or yards.
  • - Many windows have been replaced in the last year.
  • - Each apartment has a one car garage with a large storage closet.
  • - Currently a no pet policy for new tenants.
  • - Built with high quality mill cedar.
  • - May 2024 appraisal supports pricing.
  • - If seller carry is proposed, please write a two part offer: one that cashes seller out, the other that asks seller to carry after at lease $800,000 down

Contacts

broker
Bjorn Beer

SVN | Imbrie Realty

Location

Getting Around

  • Walk Score ®

    68/100 Somewhat Walkable

  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Brookings, OR
  • Zip Code 97415

Points of Interest

  • Fred Meyer

    0.29 miles

  • WCEH Brookings

    0.29 miles

  • 76

    0.32 miles

  • Chevron

    1.61 miles

  • Shell

    2.17 miles

  • Extra vehicle parking ($5/night)

    1.38 miles

  • Day Use Parking

    6.41 miles

  • Indian Sands Trailhead

    7.79 miles

  • Oregon Redwoods Trail Parking

    8.05 miles

  • Blue Coast Inn & Suites

    0.40 miles

  • Spindrift Motor Inn

    0.44 miles

  • South coast inn

    0.54 miles

  • Wild Rivers Motorlodge

    0.67 miles

  • Ocean Suites

    1.66 miles

  • Best Western

    1.67 miles

  • Harbor Inn

    2.26 miles

  • Subway

    0.23 miles

  • Khun Thai

    0.26 miles

  • Rancho Viejo

    0.27 miles

  • Dragon Palace

    0.27 miles

  • KFC

    0.31 miles

  • Taco Bell

    0.31 miles

  • McDonald's

    0.36 miles

  • O'Holleran's Steakhouse & Lounge

    0.39 miles

  • Oxenfrē Public House

    0.53 miles

  • Black Trumpet Bistro

    0.54 miles

  • The Church of Jesus Christ of Latter-day Saints

    0.29 miles

  • Brookings Harbor High School

    0.33 miles

  • Kalmiopsis Elementary School

    0.34 miles

  • Azalea Middle School

    0.40 miles

  • Upper Chetco Charter School

    4.80 miles

Frequently Asked Questions

How much does Cedar Village Apartments cost?

The space currently listed for sale at Cedar Village Apartments asks for $3,000,000.

What is the total square footage of Cedar Village Apartments?

Cedar Village Apartments totals 19,400 square feet.

When was this property built?

Cedar Village Apartments was built in 1977.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Bjorn Beer

SVN | Imbrie Realty

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