Cascade Apartments

The Cascade Apartments is an opportunity to own in city real estate with significant upside. The courtyard style buildings were originally built in 1961 and offer a diverse unit mix including studio, 1 bedroom and 2 bedroom units. Over the past 5 years, the owner has renovated 9 of the 11 units. There remains significant upside to a potential buyer by continuing to push rents, implementing utility bill back (currently the owner is not charging for W/S/G) and potential to add a 12th unit in the East building. In addition, the buildings sit on 14,640 sq ft of LR3 zoned dirt ideally setup for future redevelopment to apartments or townhomes.