1110-1114 NE 60th Ave
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1110-1114 NE 60th Ave
3 Unit Apartment Building $789,900 ($263,300/Unit) 5.61% Cap Rate Portland, OR 97213
Investment Highlights
- A block from MAX and on a busline
- Access to parks, dining, shopping and close to airport, easy freeway access
- 4 off street parking spots
Executive Summary
Built as a Tri-Plex in 1973, New roof and New exterior paint. Located in Rose City Park, a block from the MAX and on a bus line, this convenient location has ready access to Mt Tabor, parks, dining, shopping and the airport. Includes 4 off street parking spots with possibility to expand to 8 spots with tandem parking. Lots to love about this Fully Rented Tri-Plex!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $789,900 | Apartment Style | Townhome |
| Price Per Unit | $263,300 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,591 SF |
| Cap Rate | 5.61% | Average Occupancy | 100% |
| Gross Rent Multiplier | 17.09 | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1973/2022 |
| Property Type | Multifamily | Parking Ratio | 0.84/1,000 SF |
| Property Subtype | Apartment |
| Price | $789,900 |
| Price Per Unit | $263,300 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| Gross Rent Multiplier | 17.09 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Lot Size | 0.11 AC |
| Building Size | 3,591 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2022 |
| Parking Ratio | 0.84/1,000 SF |
Unit Amenities
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 3 | - | 1,200 |
1 of 1
Walk Score®
Very Walkable (73)
Bike Score®
Biker's Paradise (90)
zoning
| Zoning Code | R2 |
| R2 |
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1110-1114 NE 60th Ave
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