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Value-Add Multi-Family Opportunity 1204-1238 NE 22nd Ave 16 Unit Apartment Building $4,078,659 CAD ($254,916 CAD/Unit) 6% Cap Rate Portland, OR 97232
Investment Highlights
- Multiple Upgrades completed by Ownership
- Shared Laundry Room
- Spacious Units
- Off-Street Parking
- Tenant Storage Units
- Quiet, Neighborhood Feel
Executive Summary
16 Unit Multi-Family Opportunity in the Sullivan Gulch Neighborhood of NE Portland
1204 - 1238 NE 22nd Ave
Units: 16
Unit Matrix: 12 - 2 bed, 1 bath | 4 - 1 bed, 1 bath
Gross Building: 14,912 SF
Gross Land: 19,996 SF (0.46 AC)
Sale Price: $2,963,000
CAP Rate: 6.00%
Price Per Unit: $185,188
Price per SF: $225
1204 - 1238 NE 22nd Ave
Units: 16
Unit Matrix: 12 - 2 bed, 1 bath | 4 - 1 bed, 1 bath
Gross Building: 14,912 SF
Gross Land: 19,996 SF (0.46 AC)
Sale Price: $2,963,000
CAP Rate: 6.00%
Price Per Unit: $185,188
Price per SF: $225
Property Facts
| Price | $4,078,659 CAD | Building Class | C |
| Price Per Unit | $254,916 CAD | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 14,912 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Parking Ratio | 1.07/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | ne wasco street |
| Zoning | R25 - Residential 2500 | ||
| Price | $4,078,659 CAD |
| Price Per Unit | $254,916 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 14,912 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 1.07/1,000 SF |
| Cross Streets | ne wasco street |
| Zoning | R25 - Residential 2500 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 12 | - | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R181963 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,446,101 CAD |
Property Taxes
Parcel Number
R181963
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,446,101 CAD
Contacts
-
Riley Henderson -
Nicholas Diamond -
Michael Horter -
Capacity Commercial Group LLC
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Value-Add Multi-Family Opportunity | 1204-1238 NE 22nd Ave
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