Tamara Apartments 5136-5154 SE 17th Ave 10 Unit Apartment Building $2,790,640 CAD ($279,064 CAD/Unit) 5.26% Cap Rate Portland, OR 97202
EXECUTIVE SUMMARY
Amazing location for this 10 unit investment property! 6 2 bedroom and 4 1 bedroom units which have been remodeled to include newer cabinets, granite countertops, tile flooring along with laminate flooring, and fresh coat of paint in each unit as well as the exterior of the building. Steady income producing property with room to raise rents. Homeforward payments are $1865 for a 1 BR and $2226 for a 2br in the area. Potential development opportunity of up to 60 units. Buyer to do their due diligence. Seller to do 1031 exchange at no cost to the buyer. Listing agent related to seller. Seller is a licensed real estate agent in Oregon.
FINANCIAL SUMMARY (PRO FORMA - 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $2,790,640 CAD |
| Price Per Unit | $279,064 CAD |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| Sale Condition | 1031 Exchange |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,924 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.44/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Tile Floors
- Granite Countertops
- Refrigerator
- Oven
- Tub/Shower
- Family Room
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 650 |
| 2+1 | 6 | - | 800 |
1 of 1
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | R181781 | Improvements Assessment | $0 CAD (2023) |
| Land Assessment | $0 CAD (2023) | Total Assessment | $914,336 CAD (2023) |
ZONING
| Zoning Code | CE (Commercial Multi-Family) |
