• Broker Benjamin Droukas 5035224645

8128-8132 NE Beech St 4 Unit Apartment Building $1,137,752 CAD ($284,438 CAD/Unit) 6.07% Cap Rate Portland, OR 97213

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INVESTMENT HIGHLIGHTS

  • Public Transportation
  • Easy landscaping
  • Fully rented

EXECUTIVE SUMMARY

This 4 plex located in Roseway presents a prime investment opportunity. The units are fully rented and on month to month leases. The lot features easy landscaping and plenty of off street parking. Roof & vinyl windows installed in 2017 and two of the units have updated plumbing. One unit has private laundry in unit and the other three share a laundry space. Location brings convenient transportation options with multiple bus stops within 2 blocks, bike score of 92 and the Building a Better 82nd project currently being worked on. Opportunity for owner occupied FHA financing, making it a great option for a 'Owner Occupied Housing Hack.' Whether you're an experienced investor or looking to diversify your portfolio this is a great find.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
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

PROPERTY FACTS

Price $1,137,752 CAD
Price Per Unit $284,438 CAD
Sale Type Investment
Cap Rate 6.07%
Gross Rent Multiplier 11.32
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.12 AC
Building Size 3,984 SF
Average Occupancy 100%
No. Stories 2
Year Built 1954

UNIT AMENITIES

  • Refrigerator
  • Range

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 3 $1,979 CAD -
2+1 1 $2,563 CAD -
Walk Score®
Very Walkable (79)
Bike Score®
Biker's Paradise (92)

PROPERTY TAXES

Parcel Number R300343 Total Assessment $606,462 CAD (2023)
Land Assessment $0 CAD (2023) Annual Taxes -$1 CAD ($0.00 CAD/SF)
Improvements Assessment $0 CAD (2023) Tax Year 2024

ZONING

Zoning Code R2 (medium-density residential zone)

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ADDITIONAL PHOTOS

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