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Cottages on 130th
Fully occupied with Low holding costs
Listing Contacts
Amsden RealtyLicense: OR 201215733
Active
Asking Price: $890,000
Address
2305 SE 130th Ave, Portland, OR 97233
Show on MapDate Added
Apr 18, 2024
Days on Market
374 days
Time Since Last Update
108 days
Details
Property TypeMultifamily
SubtypeApartment Building
Investment TypeStabilized
ClassB
Square Footage2,894
Net Rentable (sq ft)2,894
Price/Sq Ft$307.53
Cap Rate6.80%
Pro-Forma Cap Rate7.21%
Occupancy100%
Occupancy Date02/01/2024
NOI$60,534
Pro-Forma NOI$64,134
Units4
Year Built1927/2023
Year Renovated2023
Buildings2
Stories2
ZoningResidential Multi-Dwelling 1 RM1 (HR2)
Lot Size (acres)0.22
Broker Co-OpYes
APNR143881
Price/Unit$222,500
Ground LeaseNo
Marketing Description
Immaculate studs-out restoration in 2022/2023 with high end finishes. Separately metered electric, metal roof, low maintenance landscaping, partially fenced yard with off-street parking. Great location near Starbucks, shopping, schools, and easy access to the I5 and transportation. Fully occupied. Do not disturb tenants. See attached documents for Rent comps, building diagram, zoning uses, etc.
Investment Highlights
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Separately metered
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Low holding costs
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Low maintenance
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Metal roof
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High demand
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Single story, easy access to majority of units
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,534.00
$5,044.50/mo
Valuation Metrics
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0
DSCR
6.8%
Cap Rate
6.8%
ROI
Property History
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Due Diligence
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Listing Contacts
- Amsden RealtyLicense: OR 201215733
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