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8104 SE Raymond St

Portland, OR 97206
  • $2,784,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 22138406
UPDATED: 15 min ago
$2,784,000
  • 9
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 9,232
    SQFT
  • $302
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Information

Elementary School:
Middle School:
High School:

Description

STABILIZED ASSET WITH UPSIDE IN RENTS. Turnkey apartment complex located in the Foster-Powell neighborhood of Southeast Portland with great walk score consists of sixteen total apartment units in two buildings. Significant capital has been invested into renovation of the units and the building's exterior. Weighted-average in-place rents are 10% below market, affording the investor near-term value-add upside on an asset with all the heavy lifting completed.

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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 2022-05-16T07:39:36.903.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/127586277
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8104 SE Raymond St Portland, OR 97206

  • Price: $2,784,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 15 min ago
  • MLS #: 22138406
9
Beds
8
Baths
0
½ Baths
N/A
Acres
9,232
SQFT
$302
$/SQFT
1964
Built
Neighborhood:
Foster - Powell
County:
Multnomah
Area:
143-Portland Southeast
Elementary School:
Marysville
Middle School:
Other
High School:
Franklin
Property Description
STABILIZED ASSET WITH UPSIDE IN RENTS. Turnkey apartment complex located in the Foster-Powell neighborhood of Southeast Portland with great walk score consists of sixteen total apartment units in two buildings. Significant capital has been invested into renovation of the units and the building's exterior. Weighted-average in-place rents are 10% below market, affording the investor near-term value-add upside on an asset with all the heavy lifting completed.
Exterior Features

Exterior Description BlockWood Siding Lot Description Level Lot Size 10000 To 14999 Sqft Parking Features AssignedPaved Roof Type Flat View YN No Water Description Public Water

Interior Features

Cooling Description None Foundation Details BlockConcrete Perimeter Heating Description Wall Furnace Hot Water Description Electricity Unit Type1 Sq Ft 1030 Unit Type3 Sq Ft 525 Unit Type4 Sq Ft 525 Unit Type5 Sq Ft 525 Unit Type6 Sq Ft 525 Unit Type7 Sq Ft 525 Unit Type8 Sq Ft 850 Unit Type9 Sq Ft 525

Property Features

Bank Owned YN No Capitalization Rate 5.22 Common Amenities Laundry Country Us Fuel Description Electricity Gross Income Actual 211383 Gross Income Projected 234528 Gross Rent Multiplier 13.17 Net Income Actual 145233 Net Income Projected 164495 Occupancy Types Leased Operating Expenses Actual 66150 Operating Expenses Projected 70033 Property Condition Updated/Remodeled Rent Includes Trash CollectionSewerWaterMaintenance Grounds Sewer Description Public Sewer Short Sale YN No Tax Amount 19613.54 Third Party Approval YN No Unit Type1 Rent 1500 Unit Type1 Units Total 1 Unit Type3 Rent 1200 Unit Type3 Units Total 2 Unit Type4 Rent 1155 Unit Type4 Units Total 6 Unit Type5 Rent 1095 Unit Type5 Units Total 1 Unit Type6 Rent 977 Unit Type6 Units Total 3 Unit Type7 Rent 819 Unit Type7 Units Total 1 Unit Type8 Rent 819 Unit Type8 Units Total 1 Unit Type9 Rent 792 Unit Type9 Units Total 1 Zoning Ce

Listing provided courtesy of Rarebird Real Estate.


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 2022-05-16T07:39:36.903.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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