19 existing apartments with vacant land for 18 additional units, permit ready. Existing property is an excellent investment with history of high occupancy and upside in rent. Email Broker for full marketing package. Owner is a licensed real estate broker in Oregon. Please do not disturb residents.
Property Features
Bedrooms
Bathrooms
Heating and Cooling
- Heating Features: WallHeater
- Heating Fuel: Electricity
Land Info
- Lot Description: Level
- Lot Size Acres: 1.07
- Lot Size Square Feet: 46609
Exterior and Lot Features
Garage and Parking
Rental Info
- Gross Income: 320005
- Gross Scheduled Income: 346760
- Rent Includes: Sewer, Water
Multi-Unit Info
- Number of Units: 19
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Unit-1 Description: Range, Refrigerator, Unfurnished
- Unit-2 Description: Range, Refrigerator, Unfurnished
- Unit-1 Square Feet: 675
- Unit-2 Square Feet: 775
- Unit 1 Total Actual Rent: 1100
- Unit 2 Total Actual Rent: 1350
School Information
- High School: Leodis McDaniel
- Middle School: Beaumont
Amenities and Community Features
- Community Features: AllLandscaping, Laundry
Other Property Info
- LotSizeRange: Acres1to3
- Annual Tax Amount: 21717.88000000
- Source Listing Status: Active
- County: Multnomah
- Cap Rate: 5.3
- Directions: N on MLK, E on Killingsworth
- Tax Year: 2024
- Source Property Type: MultiFamily
- Area: _141
- Source Neighborhood: _141
- Parcel Number: R194241
- Zoning: Multi
- Source System Name: C2C
Commercial Info
- Net Operating Income: 206509
- Operating Expense: 99036
Building and Construction
- Year Built: 1966
- Building Area Total: 15500
- Building Exterior Type: T111Siding
- Foundation Details: ConcretePerimeter
- Property Age: 59
- Property Condition: Existing
- Roof: Metal
- Levels or Stories: 2
Utilities
- Sewer: PublicSewer
- Water Source: PublicWater
