Log In/Sign Up
Your email has been sent.
Tabor Terrace Apartments 2219-2231 SE 66th Ave 26 Unit Dormitory $4,090,000 ($157,308/Unit) 5.50% Cap Rate Portland, OR 97215
INVESTMENT HIGHLIGHTS
- Absolute Net Lease Sale | 10 Year NNN Term
- Offers Stable, Long-term Cash Flow and a Strong Credit Tenant
- Ideally Located Near the Retail Corridors of SE Division, Hawthorne, and Belmont
- Value-add 24-Unit Apartment Building in the South Tabor Neighborhood
- Operating as Student Housing for Warner Pacific University
EXECUTIVE SUMMARY
24-Unit Multi-Family Investment Opportunity
Absolute Net Lease Sale | 10 Year NNN Term
Gross Land: 40,269 SF
Building: 3 Buildings | 19,800 SF Total
Unit Mix: 2 Bed, 1 Bath
Tenant: Warner Pacific University
Sale Price: $4,090,000 ($1870,417 / Unit)
CAP Rate: 5.50%
NOI - Year 1: $225,000
Annual Rent Increases: 3%
Term: 10 Years NNN
Absolute Net Lease Sale | 10 Year NNN Term
Gross Land: 40,269 SF
Building: 3 Buildings | 19,800 SF Total
Unit Mix: 2 Bed, 1 Bath
Tenant: Warner Pacific University
Sale Price: $4,090,000 ($1870,417 / Unit)
CAP Rate: 5.50%
NOI - Year 1: $225,000
Annual Rent Increases: 3%
Term: 10 Years NNN
PROPERTY FACTS
| Price | $4,090,000 | Apartment Style | Low-Rise |
| Price Per Unit | $157,308 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.82 AC |
| Cap Rate | 5.50% | Building Size | 20,772 SF |
| No. Units | 26 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Dormitory | ||
| Zoning | R2, Portland | ||
| Price | $4,090,000 |
| Price Per Unit | $157,308 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 20,772 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | R2, Portland |
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | R332535 | Improvements Assessment | $2,330,660 |
| Land Assessment | $465,370 | Total Assessment | $2,796,030 |
PROPERTY TAXES
Parcel Number
R332535
Land Assessment
$465,370
Improvements Assessment
$2,330,660
Total Assessment
$2,796,030
CONTACTS
-
Nicholas Diamond -
Riley Henderson -
Michael Horter -
Capacity Commercial Group LLC
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Tabor Terrace Apartments | 2219-2231 SE 66th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.