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63-97 W 16th Ave

12 Unit Apartment Building $1,635,690 CAD ($136,307 CAD/Unit) 5% Cap Rate Eugene, OR 97401

Investment Highlights

  • 20% Below Market Rent
  • 100% Occupied
  • Close to University of Oregon and Downtown

Financial Summary (Pro forma - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $171,355 $18.78
Other Income $627 $0.07
Vacancy Loss $8,599 $0.94
Effective Gross Income $163,383 $17.90
Taxes $12,527 $1.37
Operating Expenses $36,672 $4.02
Total Expenses $49,199 $5.39
Net Operating Income $114,183 $12.51

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual $171,355
Annual Per SF $18.78
Other Income (CAD)
Annual $627
Annual Per SF $0.07
Vacancy Loss (CAD)
Annual $8,599
Annual Per SF $0.94
Effective Gross Income (CAD)
Annual $163,383
Annual Per SF $17.90
Taxes (CAD)
Annual $12,527
Annual Per SF $1.37
Operating Expenses (CAD)
Annual $36,672
Annual Per SF $4.02
Total Expenses (CAD)
Annual $49,199
Annual Per SF $5.39
Net Operating Income (CAD)
Annual $114,183
Annual Per SF $12.51

Property Facts

Price $1,635,690 CAD
Price Per Unit $136,307 CAD
Sale Type Investment
Cap Rate 5%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.22 AC
Building Size 6,000 SF
Average Occupancy 100%
No. Stories 2
Year Built 1958
Parking Ratio 2.5/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 $812.39 CAD 400 - 425
1+1 11 $940.52 CAD 500 - 515
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0278174
  • 0278166
Land Assessment
$0 CAD (2023)
Improvements Assessment
$0 CAD (2023)
Total Assessment
$840,988 CAD (2023)
Annual Taxes
$12,527 CAD ($2.09 CAD/SF)
Tax Year
2024

zoning

Zoning Code R-4
R-4
  • Listing ID: 33475297

  • Date on Market: 2024-10-10

  • Last Updated:

  • Address: 63-97 W 16th Ave, Eugene, OR 97401

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