8104 SE RAYMOND ST, Portland, OR 97206

$2,784,000
List Price
$2,784,000
Days on Market
120
MLS#
22138406
Property Type
Multifamily
Lot Size
10, 000 to 14, 999 SqFt
Region
Portland Southeast
Status
Active

Property Description

STABILIZED ASSET WITH UPSIDE IN RENTS. Turnkey apartment complex located in the Foster-Powell neighborhood of Southeast Portland with great walk score consists of sixteen total apartment units in two buildings. Significant capital has been invested into renovation of the units and the building's exterior. Weighted-average in-place rents are 10% below market, affording the investor near-term value-add upside on an asset with all the heavy lifting completed.

Additional Information

Tax Amount
$19,613
Year Built
1964
High School
Franklin
Elementary School
Marysville
Middle School
Other
Stories
2
Subdivision
Foster - Powell
Terms
Cash, Conventional
Cooling Description
None
Fuel Description
Electricity
Heating Description
Wall Furnace
Hot Water Description
Electricity
Exterior Description
Block, Wood Siding
Roof Type
Flat
Sewer Description
Public Sewer
Water Description
Public Water
Sq Ft Approximate Building Total
9232
Capitalization Rate
5.22
Operating Expenses Actual
66150
Gross Income Actual
211383
Gross Rent Multiplier
13.17
Net Income Actual
145233
Occupancy Types
Leased
Road Surface
Paved
Number Of Units Total
16
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1500
Unit Type One Sq Ft
1030
Unit Type One Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
1
Unit Type Three Rent
1200
Unit Type Three Sq Ft
525
Unit Type Three Units Total
2
Unit Type Four Baths Total
1
Unit Type Four Beds Total
1
Unit Type Four Rent
1155
Unit Type Four Sq Ft
525
Unit Type Four Units Total
6
Unit Type Five Baths Total
1
Unit Type Five Beds Total
1
Unit Type Five Rent
1095
Unit Type Five Sq Ft
525
Unit Type Five Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Rarebird Real Estate.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2022 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.