SW Portland apartment community with high occupancy and excellent financials. 20 units and eight garages, upside in rents for this close-in location. Newer roof and many interior upgrades. One of the owners is a licensed real estate broker in Oregon. Full Marketing package available.
Property Features
Bedrooms
Bathrooms
Heating and Cooling
- Heating Features: WallHeater
- Heating Fuel: Electricity
- Water Heaters: Electricity
Land Info
- Lot Description: Hilly
- Lot Size Acres: 0.91
- Lot Size Square Feet: 39639
Garage and Parking
- Garage Spaces: 8
- Parking Features: Assigned
Exterior and Lot Features
School Information
- Elementary School: Hayhurst
- High School: Ida B Wells
- Middle School: Robert Gray
Rental Info
- Gross Income: 362177
- Gross Scheduled Income: 407862
- Rent Includes: Sewer, TrashCollection, Water
Multi-Unit Info
- Number of Units: 20
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 2
- Unit-1 Description: Range, Refrigerator, WasherDryerHookup
- Unit-2 Description: Range, Refrigerator, WasherDryerHookup
- Unit-1 Square Feet: 700
- Unit-2 Square Feet: 850
- Unit 1 Total Actual Rent: 1325
- Unit 2 Total Actual Rent: 1550
Other Property Info
- LotSizeRange: SqFt20000toAcres1
- Annual Tax Amount: 51711.01999999
- Source Listing Status: Active
- County: Multnomah
- Cap Rate: 5.64
- Directions: Beaverton Hillsdale Hwy to property
- Tax Year: 2024
- Source Property Type: MultiFamily
- Area: _148
- Source Neighborhood: _148
- Parcel Number: R169305
- Zoning: Multi
- Source System Name: C2C
Commercial Info
- Net Operating Income: 225458
- Operating Expense: 136719
Building and Construction
- Year Built: 1993
- Building Area Total: 16550
- Building Exterior Type: LapSiding
- Property Age: 32
- Roof: Composition
Utilities
- Sewer: PublicSewer
- Water Source: PublicWater
