3526-3538 SW Beaverton Hillsdale Hwy
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3526-3538 SW Beaverton Hillsdale Hwy
6 Unit Apartment Building $1,842,711 CAD ($307,118 CAD/Unit) 5.33% Cap Rate Portland, OR 97221
Investment Highlights
- Close to shopping
- Plenty of off street parking
- Each of the townhomes has a patio in the back
- Easy freeway access and close to downtown Portland
- Newer roof, newer windows, on site laundry
Executive Summary
Six unit property that is located off Beaverton Hillsdale Highway in a great area with easy freeway access to downtown Portland and close to shopping and Multnomah Village. The property consists of a five unit townhome and a single family home next door both on separate tax lots. All the townhome units are two bedroom / one and a half bathroom with private patios off the back and locking storage space. Off street parking newer roof, newer windows, on site laundry and looked mailboxes. There is also a 3 bedroom/ 2 bathroom detached house next door on its own tax lot with a one car garage. The house has a newer electric furnace and hardwood floors. Potential to build more unis in the future as the single-family home sits on a 7325 square foot lot that is zoned R2.
The 5-plex units all have Cadet heaters & electric water heaters. The house has an electric furnace that was installed a couple of years ago and it's supplemented by some additional Cadet heaters. The water heater for the house is also electric. No units have A/C units. All tenants pay their own electricity and we pay for water/sewer/garbage for the 5-plex building. The house is allowed to use the dumpster on the premises. They do pay for their own water & sewer.
The house has refrigerator, built-in dishwasher, wall oven, cooktop, range hood and garbage disposal. Both bathrooms have shower/tub combo. The house also has two decks, one with a slider from the living room and a double car garage. There are also hardwood floors in the living and dining room and LVP in the 2 bedrooms on the main level. The area upstairs is a not technically a bedroom although it has egress and a closet. I think it's because of sloping ceilings. I believe there are wall coverings throughout the house (mini blinds & vertical blinds on the slider). There is also a washer/dryer hook up in the basement.
The 5 townhouse units all have refrigerator, built-in dishwasher, garbage disposal, free standing ranges and range hoods. All units have a private patio and a locking storage locker that's probably 4x6. There are wall coverings on all windows, again mini blinds and a vertical blind on the slider. The full bathrooms have shower/tub combos and the 1/2 bath is a sink and commode. There is sufficient parking for two per unit and a couple left over for guests. It's an odd layout but I do have a map. There's a laundry room w/2 coin op washers and 2 coin op dryers. That is also where the tenant's storage lockers are located. There's also a community mailbox stand w/locking mailboxes and a (maybe 2) parcel lockers.
.
The 5-plex units all have Cadet heaters & electric water heaters. The house has an electric furnace that was installed a couple of years ago and it's supplemented by some additional Cadet heaters. The water heater for the house is also electric. No units have A/C units. All tenants pay their own electricity and we pay for water/sewer/garbage for the 5-plex building. The house is allowed to use the dumpster on the premises. They do pay for their own water & sewer.
The house has refrigerator, built-in dishwasher, wall oven, cooktop, range hood and garbage disposal. Both bathrooms have shower/tub combo. The house also has two decks, one with a slider from the living room and a double car garage. There are also hardwood floors in the living and dining room and LVP in the 2 bedrooms on the main level. The area upstairs is a not technically a bedroom although it has egress and a closet. I think it's because of sloping ceilings. I believe there are wall coverings throughout the house (mini blinds & vertical blinds on the slider). There is also a washer/dryer hook up in the basement.
The 5 townhouse units all have refrigerator, built-in dishwasher, garbage disposal, free standing ranges and range hoods. All units have a private patio and a locking storage locker that's probably 4x6. There are wall coverings on all windows, again mini blinds and a vertical blind on the slider. The full bathrooms have shower/tub combos and the 1/2 bath is a sink and commode. There is sufficient parking for two per unit and a couple left over for guests. It's an odd layout but I do have a map. There's a laundry room w/2 coin op washers and 2 coin op dryers. That is also where the tenant's storage lockers are located. There's also a community mailbox stand w/locking mailboxes and a (maybe 2) parcel lockers.
.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $1,842,711 CAD | Apartment Style | Townhome |
Price Per Unit | $307,118 CAD | Building Class | C |
Sale Type | Investment | Lot Size | 0.34 AC |
Cap Rate | 5.33% | Building Size | 5,848 SF |
Gross Rent Multiplier | 11.36 | Average Occupancy | 95% |
No. Units | 6 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1991 |
Property Subtype | Apartment | Parking Ratio | 1.88/1,000 SF |
Price | $1,842,711 CAD |
Price Per Unit | $307,118 CAD |
Sale Type | Investment |
Cap Rate | 5.33% |
Gross Rent Multiplier | 11.36 |
No. Units | 6 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Townhome |
Building Class | C |
Lot Size | 0.34 AC |
Building Size | 5,848 SF |
Average Occupancy | 95% |
No. Stories | 1 |
Year Built | 1991 |
Parking Ratio | 1.88/1,000 SF |
Unit Amenities
- Balcony
- Microwave
- Storage Space
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1.5 | 5 | $2,051 CAD | 896 |
3+2 | 1 | $3,260 CAD | 1,908 |
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PROPERTY TAXES
Parcel Numbers | Total Assessment | $966,540 CAD (2023) | |
Land Assessment | $0 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $0 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD (2023)
Improvements Assessment
$0 CAD (2023)
Total Assessment
$966,540 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
zoning
Zoning Code | R2, Portland |
R2, Portland |
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3526-3538 SW Beaverton Hillsdale Hwy
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