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215 NE 30th Ave 3 Unit Apartment Building Offered at $1,646,387 CAD at a 6% Cap Rate Portland, OR 97232
INVESTMENT HIGHLIGHTS
- Location. Proximity to Laurelhurst Park; Whole Foods; numerous other restaurants and coffee shops.
EXECUTIVE SUMMARY
Amazing opportunity to own an updated tri-plex in the highly desirable Kerns/Laurelhurst neighborhood! Walk & Bike score of 97! Each unit has quartz counters, vinyl flooring and features an in-unit washer and dryer, fully updated kitchens with stainless steel appliances, which include dishwasher, refrigerator, and range/oven. Situated perfectly between E Burnside and NE Glisan - cafes, restaurants, local shops, and parks make it easy to rent and thus provides an attractive investment. Detached 480 square foot outbuilding in the back currently provides a secure, individual storage unit for each tenant. Additional development opportunities exist.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$117,300
|
$29.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,300
|
$29.34
|
| Taxes |
$8,873
|
$2.22
|
| Operating Expenses |
$18,517
|
$4.63
|
| Total Expenses |
$27,389
|
$6.85
|
| Net Operating Income |
$89,911
|
$22.49
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $117,300 |
| Annual Per SF | $29.34 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $117,300 |
| Annual Per SF | $29.34 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,873 |
| Annual Per SF | $2.22 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,517 |
| Annual Per SF | $4.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,389 |
| Annual Per SF | $6.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $89,911 |
| Annual Per SF | $22.49 |
PROPERTY FACTS
| Price | $1,646,387 CAD | Property Type | Multifamily |
| Price Per Unit | $548,796 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,998 SF |
| Cap Rate | 6% | No. Stories | 4 |
| Gross Rent Multiplier | 15.86 | Year Built/Renovated | 1908/2017 |
| No. Units | 3 | ||
| Zoning | R5 | ||
| Price | $1,646,387 CAD |
| Price Per Unit | $548,796 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 15.86 |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.11 AC |
| Building Size | 3,998 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1908/2017 |
| Zoning | R5 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | $3,375 CAD | 1,132 |
| 3+2 | 1 | $3,927 CAD | 1,846 |
| 2+1 | 1 | $2,473 CAD | 1,020 |
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Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (97)
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215 NE 30th Ave
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