1016 NE 86th St | Vancouver, WA 98665
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- LoopNet Team
1016 NE 86th St
Vancouver, WA 98665
Sydney Court · Multifamily Property For Sale
·
20 Units
Investment Highlights
- In-Place Cap Rate 6.45%, Stabilizing to a 6.95% Cap on Cost assuming a $150,000 Renovation Budget
- Turnkey Asset with the potential to Renovate the Six Remaining unrenovated Units to Capture an additional 11% in EGI
- Current GRM 10.46
- Well Located just off of I5, 10 Miles from Portland
Property Facts
| No. Units | 20 | Building Size | 16,370 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.41/1,000 SF |
| Lot Size | 0.48 AC | ||
| Zoning | CH, Vancouver | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 16,370 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | CH, Vancouver |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 18 | $1,418 | 790 |
| 2+1.5 | 1 | $1,595 | 950 |
| 3+2 | 1 | $1,795 | 1,200 |
Property Taxes
| Parcel Number | 097976-011 | Improvements Assessment | $2,605,689 |
| Land Assessment | $226,429 | Total Assessment | $2,832,118 |
Property Taxes
Parcel Number
097976-011
Land Assessment
$226,429
Improvements Assessment
$2,605,689
Total Assessment
$2,832,118
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