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Skylark Apartments 2345-2473 SE 135th Ave

30 Unit Apartment Building $7,735,200 CAD ($257,840 CAD/Unit) 6.23% Cap Rate Portland, OR 97233

Investment Highlights

  • Plenty of onsite parking
  • Walk through upon accepted offer to purchase
  • Seller will carryback balance at interest only with down payment of $2,500,000

Executive Summary

Skylark Apartments 30 total units a mix of 1 (12 units), 2 (4 units) and 3 (14 units) beds. All but 5 out of 30 units have been rehabbed within the past 2 yrs. All units have submeters for water and all leases have RUBS in place.

Property Facts

Price $7,735,200 CAD
Price Per Unit $257,840 CAD
Sale Type Investment
Cap Rate 6.23%
No. Units 30
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.72 AC
Building Size 27,360 SF
No. Stories 2
Year Built 1972
Parking Ratio 1.6/1,000 SF

Unit Amenities

  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Carpet

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 12 - 600
2+1 4 - 900
3+1.5 14 - 1,100
Bike Score ®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R283968
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,614,025 CAD

zoning

Zoning Code HR2
HR2
  • Listing ID: 28893736

  • Date on Market: 2023-06-30

  • Last Updated:

  • Address: 2345-2473 SE 135th Ave, Portland, OR 97233

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