This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
11012-11016 SE Stark St
Portland, OR 97216
Gables on Stark · Multifamily Property For Sale
·
13 Units
PROPERTY FACTS
| No. Units | 13 | Building Size | 17,524 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2008 |
| Building Class | B | Parking Ratio | 1.54/1,000 SF |
| Lot Size | 0.41 AC | ||
| Zoning | R1 | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.41 AC |
| Building Size | 17,524 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2008 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | R1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Kitchen
- Granite Countertops
- Double Pane Windows
SITE AMENITIES
- 24 Hour Access
- Walk-Up
ABOUT 11012-11016 SE STARK ST , PORTLAND, OR 97216
Condo quality (originally platted as Condos, but abandoned during the downturn). Built in 2008. Superbly maintained, performing asset. Thirteen-(13) 2 Bedroom / 2.5 Baths units (average 1256 sq. ft.). Three unit types: (2) Type 1 @ 1273 sq. ft., (5)Type 2 @ 1246 sq. ft., (6) Type 3 @ 1259 sq. ft. All units feature granite, maple cabinets, A/C, balcony with storage & W/D hookups. Twelve-(12) units feature 2 car tandem garage, One-(1) unit features 1 car garage and office. Property is directly adjacent to Floyd Light Park & close to Mall 205. Located minutes from downtown Portland, Vancouver & light rail. Subject property is priced at a 5.25% CAP on 2019 ACTUAL Net Operating Income. There is value-add upside by bringing rents to fair market per the longtime in-place management company (rent upside is $75 to $100 per unit). INVESTORS, this a rare opportunity to acquire a high-quality, performing, easy to manage, turnkey asset.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 13 | $1,400 | 1,256 |
PROPERTY TAXES
| Parcel Number | R634945 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $972,270 |
PROPERTY TAXES
