4038-4048 SE Powell Valley Rd - 4038-4048 SE Powell Valley Rd
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4038-4048 SE Powell Valley Rd - 4038-4048 SE Powell Valley Rd
2,460 SF Specialty Building Offered at $907,673 CAD at a 5.57% Cap Rate in Gresham, OR 97080
Investment Highlights
- Easy Care Vinyl Siding
- Large Fenced Yards
- Each Unit also has 2 additional off street parking spaces not including the garages.
Executive Summary
A Solid Investment property! Cap rate of 5.57% with a very low vacancy rate of 1%. This desirable property is
a townhome style duplex with a great functional floorplan. A smart addition to your investment portfolio. The seller is
the original owner. It has been well cared for inside and out. Each unit has 3 good size bedrooms, 2.5 baths, wall to wall carpet, new roof 10/2018, new LVP floors (4038)-2022 & vinyl floors in 2018 (4048) for easy care and maintenance. The open floor plan is ideal. Kitchens include a double sink, breakfast bar and all appliances for both units. The slider just of the dining area, gives easy access to a private patio & fenced backyard perfect. Six New LED front security lights provide ample light at night. The vinyl siding makes your maintenance and upkeep a breeze. Unit 4048 is rented for $1,995 mo/mo and 4038 is rented for $2,195 lease. Utilities covered in a flat rate of $125 each (water, sewer & garbage). On a bus line and less than a mile for shopping, dining & parks makes this a perfect location. Easy access to I84. Photos of unit 4038 were taken in June of 2024 prior to tenant move in.
a townhome style duplex with a great functional floorplan. A smart addition to your investment portfolio. The seller is
the original owner. It has been well cared for inside and out. Each unit has 3 good size bedrooms, 2.5 baths, wall to wall carpet, new roof 10/2018, new LVP floors (4038)-2022 & vinyl floors in 2018 (4048) for easy care and maintenance. The open floor plan is ideal. Kitchens include a double sink, breakfast bar and all appliances for both units. The slider just of the dining area, gives easy access to a private patio & fenced backyard perfect. Six New LED front security lights provide ample light at night. The vinyl siding makes your maintenance and upkeep a breeze. Unit 4048 is rented for $1,995 mo/mo and 4038 is rented for $2,195 lease. Utilities covered in a flat rate of $125 each (water, sewer & garbage). On a bus line and less than a mile for shopping, dining & parks makes this a perfect location. Easy access to I84. Photos of unit 4038 were taken in June of 2024 prior to tenant move in.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$70,916
|
$28.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$70,916
|
$28.83
|
| Taxes |
$10,150
|
$4.13
|
| Operating Expenses |
$20,563
|
$8.36
|
| Total Expenses |
$30,713
|
$12.49
|
| Net Operating Income |
$40,202
|
$16.34
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $70,916 |
| Annual Per SF | $28.83 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $70,916 |
| Annual Per SF | $28.83 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,150 |
| Annual Per SF | $4.13 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,563 |
| Annual Per SF | $8.36 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $30,713 |
| Annual Per SF | $12.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $40,202 |
| Annual Per SF | $16.34 |
Property Facts
| Price | $907,673 CAD | Property Subtype | Residential Income |
| Price Per SF | $369 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.57% | Building Size | 2,460 SF |
| Sale Conditions | Building in Shell Condition | No. Stories | 2 |
| Gross Rent Multiplier | 12.75 | Year Built | 2001 |
| Property Type | Specialty |
| Price | $907,673 CAD |
| Price Per SF | $369 CAD |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| Sale Conditions | Building in Shell Condition |
| Gross Rent Multiplier | 12.75 |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,460 SF |
| No. Stories | 2 |
| Year Built | 2001 |
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zoning
| Zoning Code | LDR-7 (The Low Density Residential-7 (please see attached for full description)) |
| LDR-7 (The Low Density Residential-7 (please see attached for full description)) |
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4038-4048 SE Powell Valley Rd - 4038-4048 SE Powell Valley Rd
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