3324 SE 11th Ave
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3324 SE 11th Ave
4 Unit Apartment Building $1,327,423 CAD ($331,856 CAD/Unit) 4.38% Cap Rate Portland, OR 97202
Investment Highlights
- Fully renovated in 2013
- Sprinkler System monitored by the Fire Department
- Walk Score - 93 / Bike Score - 98
- New Roof, Windows, Doors & Siding in 2013
- Washer / Dryer in Each Unit
Executive Summary
This well located fourplex was completely renovated in 2013, including new roof, windows and siding. The property consists of two 1-bedrooms and two 2-bedrooms, along with one off-street parking space.
All units feature a dishwasher, garbage disposal, stacked washer / dryer, range, and refrigerator. Garage has been converted to a secured storage area, with individual storage for each unit. Each unit has sprinklers installed, and is monitored by the Fire Department.
The property has easy access to the bus lines on SE Powell or SE Milwaukie & the MAX line, both within a quarter mile. Quick commute into downtown. Close to restaurants and shopping.
A must see for a turn key investment.
All units feature a dishwasher, garbage disposal, stacked washer / dryer, range, and refrigerator. Garage has been converted to a secured storage area, with individual storage for each unit. Each unit has sprinklers installed, and is monitored by the Fire Department.
The property has easy access to the bus lines on SE Powell or SE Milwaukie & the MAX line, both within a quarter mile. Quick commute into downtown. Close to restaurants and shopping.
A must see for a turn key investment.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$98,187
|
$34.30
|
| Other Income |
$1,138
|
$0.40
|
| Vacancy Loss |
$4,083
|
$1.43
|
| Effective Gross Income |
$95,242
|
$33.27
|
| Taxes |
$15,279
|
$5.34
|
| Operating Expenses |
$21,844
|
$7.63
|
| Total Expenses |
$37,123
|
$12.97
|
| Net Operating Income |
$58,119
|
$20.30
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $98,187 |
| Annual Per SF | $34.30 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,138 |
| Annual Per SF | $0.40 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,083 |
| Annual Per SF | $1.43 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $95,242 |
| Annual Per SF | $33.27 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,279 |
| Annual Per SF | $5.34 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $21,844 |
| Annual Per SF | $7.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $37,123 |
| Annual Per SF | $12.97 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $58,119 |
| Annual Per SF | $20.30 |
Property Facts
| Price | $1,327,423 CAD | Apartment Style | Low Rise |
| Price Per Unit | $331,856 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 4.38% | Building Size | 2,863 SF |
| Gross Rent Multiplier | 13.52 | No. Stories | 1 |
| No. Units | 4 | Year Built/Renovated | 1910/2013 |
| Property Type | Multifamily | Parking Ratio | 0.3/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,327,423 CAD |
| Price Per Unit | $331,856 CAD |
| Sale Type | Investment |
| Cap Rate | 4.38% |
| Gross Rent Multiplier | 13.52 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 2,863 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1910/2013 |
| Parking Ratio | 0.3/1,000 SF |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,879 CAD | 539 - 654 |
| 2+1 | 1 | $2,177 CAD | 894 |
| 2+2 | 1 | $2,247 CAD | 985 |
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | R146563 | Total Assessment | $573,373 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $15,279 CAD ($5.34 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
R146563
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$573,373 CAD
Annual Taxes
$15,279 CAD ($5.34 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | CS (The CM2 zone is a medium-scale, commercial mixed use zone intended for sites in a variety of centers and corridors, in other mixed use areas that are) |
| CS (The CM2 zone is a medium-scale, commercial mixed use zone intended for sites in a variety of centers and corridors, in other mixed use areas that are) |
-
Kathy Rogers -
Township Properties
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3324 SE 11th Ave
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