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
