2610-2618 NE Clackamas St
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2610-2618 NE Clackamas St
5 Unit Apartment Building $1,275,723 CAD ($255,145 CAD/Unit) 5.97% Cap Rate Portland, OR 97232
Investment Highlights
- Quiet, tree-lined street
- Off street parking
- Updated units
- Large units
- Easy access to public transportation
- Professionally managed
Executive Summary
PRICE REDUCED!! Fantastic close in NE location! Large units with many recent interior updates. Off street parking. Upside in rents!
Financial Summary (Pro forma - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$119,425
|
$30.42
|
| Other Income |
$6,520
|
$1.66
|
| Vacancy Loss |
$3,582
|
$0.91
|
| Effective Gross Income |
$122,363
|
$31.17
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$46,244
|
$11.78
|
| Net Operating Income |
$76,120
|
$19.39
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $119,425 |
| Annual Per SF | $30.42 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,520 |
| Annual Per SF | $1.66 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,582 |
| Annual Per SF | $0.91 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $122,363 |
| Annual Per SF | $31.17 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $46,244 |
| Annual Per SF | $11.78 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $76,120 |
| Annual Per SF | $19.39 |
Property Facts
| Price | $1,275,723 CAD | Apartment Style | Garden |
| Price Per Unit | $255,145 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.97% | Building Size | 3,926 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 2.55/1,000 SF |
| Price | $1,275,723 CAD |
| Price Per Unit | $255,145 CAD |
| Sale Type | Investment |
| Cap Rate | 5.97% |
| Sale Conditions | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,926 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.55/1,000 SF |
Unit Amenities
- Dishwasher
- Fireplace
- Hardwood Floors
- Refrigerator
- Range
- Carpet
- Double Pane Windows
Site Amenities
- Laundry Facilities
- Pet Play Area
- Recycling
- Smoke Free
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,795 CAD | 540 |
| 4+2 | 1 | $3,257 CAD | 1,292 |
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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | R182047 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $628,697 CAD |
PROPERTY TAXES
Parcel Number
R182047
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$628,697 CAD
zoning
| Zoning Code | R2.5 |
| R2.5 |
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2610-2618 NE Clackamas St
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