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Tabor Terrace Apartments 2219-2231 SE 66th Ave 24 Unit Dormitory $4,889,232 CAD ($203,718 CAD/Unit) 6.50% Cap Rate Portland, OR 97215
Investment Highlights
- Absolute Net Lease Sale | 10 Year NNN Term
- Offers Stable, Long-term Cash Flow and a Strong Credit Tenant
- Ideally Located Near the Retail Corridors of SE Division, Hawthorne, and Belmont
- Net Leased 24-Unit Apartment Building in the South Tabor Neighborhood
- Operating as Student Housing for Warner Pacific University
- Brand New Roof
Executive Summary
24-Unit Multi-Family Investment Opportunity
Absolute Net Lease Sale | 10 Year NNN Term
Gross Land: 40,269 SF
Building: 3 Buildings | 19,800 SF Total
Unit Mix: 2 Bed, 1 Bath
Tenant: Warner Pacific University
Sale Price: $3,600,000 ($150,000/unit)
CAP Rate: 6.50%
NOI - Year 1: $234,000
Annual Rent Increases: 3%
Term: 10 Years NNN
Absolute Net Lease Sale | 10 Year NNN Term
Gross Land: 40,269 SF
Building: 3 Buildings | 19,800 SF Total
Unit Mix: 2 Bed, 1 Bath
Tenant: Warner Pacific University
Sale Price: $3,600,000 ($150,000/unit)
CAP Rate: 6.50%
NOI - Year 1: $234,000
Annual Rent Increases: 3%
Term: 10 Years NNN
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | - | - |
Bike Score®
Very Bikeable (89)
Property Taxes
| Parcel Number | R332535 | Improvements Assessment | $3,186,129 CAD |
| Land Assessment | $636,184 CAD | Total Assessment | $3,822,313 CAD |
Property Taxes
Parcel Number
R332535
Land Assessment
$636,184 CAD
Improvements Assessment
$3,186,129 CAD
Total Assessment
$3,822,313 CAD
Contacts
-
Nicholas Diamond -
Riley Henderson -
Michael Horter -
Capacity Commercial Group LLC
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Tabor Terrace Apartments | 2219-2231 SE 66th Ave
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