Price improved by $250K! 3-story apartment complex features 22 apartment units, 36 parking spots (14 surface & 22 carports), a single-family home built in 1935 and a picnic area with table and play structure. Rent includes utilities of water & sewer with garbage & recycling area. NO HOA.
Property Features
Bedrooms
Bathrooms
Heating and Cooling
- Heating Features: WallHeater
- Heating Fuel: Electricity
- Water Heaters: Electricity
Land Info
- Lot Size Acres: 0.85
- Lot Size Square Feet: 37026
Exterior and Lot Features
Garage and Parking
- Parking Features: Paved
- Parking Total: 36
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Rental Info
- Gross Income: 288980
- Rent Includes: Sewer, TrashCollection, Water
Multi-Unit Info
- Number of Units: 22
- Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
- Bedrooms in Unit-1: 4
- Bedrooms in Unit-2: 3
- Bedrooms in Unit-3: 2
- Bedrooms in Unit-4: 2
- Bedrooms in Unit-5: 1
- Total Bathrooms in Unit-1: 2
- Total Bathrooms in Unit-2: 2
- Total Bathrooms in Unit-3: 2
- Total Bathrooms in Unit-4: 2
- Total Bathrooms in Unit-5: 1
Other Property Info
- LotSizeRange: SqFt20000toAcres1
- Annual Tax Amount: 29658.90999999
- Source Listing Status: Pending
- County: Multnomah
- Cap Rate: 2.17
- Directions: Hogan Rd near SE 6th St
- Tax Year: 2023
- Source Property Type: MultiFamily
- Parcel Number: R339494
- Postal Code Plus 4: 8288
- Zoning: MDR-24
- Source System Name: C2C
Commercial Info
- Net Operating Income: 78175
- Operating Expense: 210805
Building and Construction
- Year Built: 2004
- Building Area Total: 22775
- Building Exterior Type: WoodSiding
- Foundation Details: ConcretePerimeter
- Property Age: 20
- Roof: Composition
- Levels or Stories: 3
Utilities
- Sewer: PublicSewer
- Water Source: PublicWater
