8021 Flanders St
Multifamily | 3 Units | $275,000/unit
Listing Contacts
License: OR 201203600
Active
Address
8021 NE Flanders St, Portland, OR 97213
Show on MapDate Added
Jun 30, 2024
Days on Market
292 days
Time Since Last Update
44 days
Details
Property TypeMultifamily
SubtypeSingle Family Rental Portfolio
Investment TypeStabilized
Square Footage3,217
Price/Sq Ft$256.45
Cap Rate5.85%
Pro-Forma Cap Rate6.40%
NOI$48,223
Pro-Forma NOI$52,819
Units3
Year Built1997
Buildings1
Stories2
ZoningRM-2
Parking (spaces)3
Price/Unit$275,000
INTELLIGENCEMarketing Description
Cash Flow Triplex in the Montavilla neighborhood. 3 Units, great addition to any portfolio! Renters are all MTM. Yearly financials are available. Unit 1: 1198sf 3/2 rent $1775, with on street parking. Unit 2: 980sf 3/1.5 rent $1950 with single car garage and carport. Unit 3: 2/1, 804sf rent $932 w/ single car garage and carport. Super clean property. Tenants pay all utilities except garbage. Possible condo conversion. Buyer to do their own due diligence.
Investment Highlights
Triplex in Portland OR
Stabilized Rents
Nicely Updated Building, effective year built 1997
Close to Market rents with room for increases.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,223.00
$4,018.58/mo
Valuation Metrics
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0
DSCR
5.85%
Cap Rate
5.85%
ROI
Due Diligence
Listing Contacts
- License: OR 201203600
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Additional Information
Broker of Record
Ryan Fordham
Broker of Record: License Type
201211503
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