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1597 NW Portland Ave 4 Unit Apartment Building $1,000,000 ($250,000/Unit) 4.60% Cap Rate Bend, OR 97703
INVESTMENT HIGHLIGHTS
- Two 2 Bed/1bath units & two 1 Bed/1 bath units
- Coin-operated laundry on site
- Unit 3 is vacant
- All units have decks with views
- Storage lockers available
- One lease is month-to-month
EXECUTIVE SUMMARY
Prime location for this Westside Bend 4-plex. Near COCC and all the amenities and benefits offered by the trendy neighborhood. Easy access to all the outdoor recreation opportunities. Always fully occupied. All units have decks with views. Coin op laundry on site. Upside in rents.
PROPERTY FACTS
| Price | $1,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.60% | Building Size | 2,912 SF |
| Gross Rent Multiplier | 13.67 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1994 |
| Property Subtype | Apartment | ||
| Zoning | RM - Medium Density Residential | ||
| Price | $1,000,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 4.60% |
| Gross Rent Multiplier | 13.67 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 2,912 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1994 |
| Zoning | RM - Medium Density Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Laundry Facilities
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 576 |
| 2+2 | 2 | - | 728 |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 184694 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $385,430 |
PROPERTY TAXES
Parcel Number
184694
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$385,430
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1597 NW Portland Ave
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