$2,600,000
bedrooms
0
bathrooms
0
square feet
14,080
Acreage
0.73
Open Houses
-
year built
2005
Full Baths
0
Half Baths
0
Fully rented, with recent rent increases, and several long-term tenants. Four apartment buildings on a nearly 3/4 acre lot: A townhouse style 6-plex with 2 bedroom, 1.1 bath, 933 sq. ft. units, built in 2005; a townhouse style 4-plex, with 2 bedroom, 1.1 bath, 933 sq. ft. units, built 2001; a duplex with 2 bedroom, 1 bath, 900 sq. ft. units, built 2001; and a 4-plex with three 2 bedroom, 1 bath units & one 1 bedroom, 1 bath unit, built 1966. All units have their own full-size washer & dryer, except the original 4-plex has a shared laundry. All townhouse-style units feature 9' ceilings on the main level. Tenants pay own electricity bills. Gross sq. ft. is gross rentable area, and doesn't include a shared laundry area in one building. Most units are located well off of Stark St. in a quiet setting with 26 parking spaces. School bus stops at the driveway. Cap rate is 6.13 using projected net income.
Location | |
Subdivision | GLENFAIR |
County | Multnomah |
Elementary School | Glenfair |
Middle School | H.B. Lee |
High School | Reynolds |
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Last update: Tuesday, April 22 2025 at 2:49 p.m. EDT
Kotohomes National
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