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5409 NE St Johns Rd

Vancouver, WA 98661
  • $1,449,500
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 22094348
UPDATED: 30 min ago
$1,449,500
  • 6
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 5,740
    SQFT
  • $253
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1946
County:

School Information

Elementary School:
Middle School:
High School:

Description

Fantastic investment! A rare opportunity to acquire a mixed use property along Vancouver's NE St. John's Rd. Building boasts 7 residential apartment units PLUS commercial space! No vacancies and all leases are current! NNN commercial lease. High traffic corridor and great exposure. Updated rent role available! 5.64% cap rate. Building has seen updates in 2022. New exterior paint! Plenty of parking. Please do not disturb tenants! Interior inspection with accepted offer.

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Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-07-06T11:40:21.833.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
www.nexthomepdx.com/homes/128784930
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5409 NE St Johns Rd Vancouver, WA 98661

  • Price: $1,449,500
  • Status: Active
  • On Site: 50 Days
  • Updated: 30 min ago
  • MLS #: 22094348
6
Beds
8
Baths
0
½ Baths
N/A
Acres
5,740
SQFT
$253
$/SQFT
1946
Built
Neighborhood:
Minnehaha
County:
Clark
Area:
015-Vancouver:E Hazel Dell/Minnehaha
Elementary School:
Minnehaha
Middle School:
Jason Lee
High School:
Hudsons Bay
Property Description
Fantastic investment! A rare opportunity to acquire a mixed use property along Vancouver's NE St. John's Rd. Building boasts 7 residential apartment units PLUS commercial space! No vacancies and all leases are current! NNN commercial lease. High traffic corridor and great exposure. Updated rent role available! 5.64% cap rate. Building has seen updates in 2022. New exterior paint! Plenty of parking. Please do not disturb tenants! Interior inspection with accepted offer.
Exterior Features

Exterior Description StuccoWood Siding Lot Size 10000 To 14999 Sqft Parking Features OpenPaved View YN No Water Description Public Water

Interior Features

Basement Crawl Space Cooling Description Central Air Heating Description Baseboard Hot Water Description Electricity Unit Features RangeRefrigeratorAir Conditioning Unit Type1 Features Air Conditioning Unit Type1 Sq Ft 1580 Unit Type2 Features RangeRefrigerator Unit Type2 Sq Ft 840 Unit Type3 Features RangeRefrigerator Unit Type3 Sq Ft 700 Unit Type4 Features RangeRefrigerator Unit Type4 Sq Ft 520 Unit Type5 Features RangeRefrigerator Unit Type5 Sq Ft 520 Unit Type6 Features RangeRefrigerator Unit Type6 Sq Ft 520 Unit Type7 Features RangeRefrigerator Unit Type7 Sq Ft 420 Unit Type8 Features RangeRefrigerator Unit Type8 Sq Ft 590

Property Features

Bank Owned YN No Capitalization Rate 5.64 CCRs YN No Country Us Fuel Description Electricity Gross Income Actual 103992 Gross Income Projected 108408 Gross Rent Multiplier 13.94 Net Income Actual 81815 Occupancy Types Leased Operating Expenses Actual 22177 Rent Includes Trash CollectionSewerWater Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Tax Amount 5375.82 Third Party Approval YN No Unit Type1 Rent 2266 Unit Type1 Units Total 1 Unit Type2 Rent 1075 Unit Type2 Units Total 1 Unit Type3 Rent 1000 Unit Type3 Units Total 1 Unit Type4 Rent 850 Unit Type4 Units Total 1 Unit Type5 Rent 825 Unit Type5 Units Total 1 Unit Type6 Rent 825 Unit Type6 Units Total 1 Unit Type7 Rent 875 Unit Type7 Units Total 1 Unit Type8 Rent 850 Unit Type8 Units Total 1 Zoning Cc

Listing provided courtesy of Cascade Sothebys International Realty.


Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-07-06T11:40:21.833.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
 
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