Listing Courtesy of: Wayne Sanman - RE/MAX Equity Group
503-653-0607
$2,600,000
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14937 SE STARK St Unit 14937 Portland, OR 97233
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
14,080
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Fully rented, with recent rent increases, and several long-term tenants. Four apartment buildings on a nearly 3/4 acre lot: A townhouse style 6-plex with 2 bedroom, 1.1 bath, 933 sq. ft. units, built in 2005; a townhouse style 4-plex, with 2 bedroom, 1.1 bath, 933 sq. ft. units, built 2001; a duplex... with 2 bedroom, 1 bath, 900 sq. ft. units, built 2001; and a 4-plex with three 2 bedroom, 1 bath units & one 1 bedroom, 1 bath unit, built 1966. All units have their own full-size washer & dryer, except the original 4-plex has a shared laundry. All townhouse-style units feature 9' ceilings on the main level. Tenants pay own electricity bills. Gross sq. ft. is gross rentable area, and doesn't include a shared laundry area in one building. Most units are located well off of Stark St. in a quiet setting with 26 parking spaces. School bus stops at the driveway. Cap rate is 6.13 using projected net income.
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MLS#
24056070
Property Type
Multi-Family
Status
Year Built
2005
Square Feet
14,080
sq. ft
Lot Size
0.73
Sewer
Public Sewer Available
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