The Forest Retreat | 2615-2631 SE 111th Ave
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The Forest Retreat 2615-2631 SE 111th Ave
20 Unit Apartment Building $3,500,000 ($175,000/Unit) 6.01% Cap Rate Portland, OR 97266
Investment Highlights
- Charming Mix of 1-Bedroom & 2-Bedroom, 1 Bath Units!
- Located in SE Portland, OR; Close Proximity to Numerous Amenities;
- Bike Score of 81: Considered "Very Bikeable"!
- Units Include Off-Street Parking, Patio/Balcony, Carpet, Vinyl Flooring, & More;
- Walk Score of 65: Considered "Somewhat Walkable";
Executive Summary
Great Well Kept Property; Don't Miss Out; Avg In-Place Rents of $1470, Plus Utilities Included. Very Easy Building to Manage!
Property Facts
| Price | $3,500,000 | Apartment Style | Low Rise |
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.85 AC |
| Cap Rate | 6.01% | Building Size | 16,512 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Price | $3,500,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.85 AC |
| Building Size | 16,512 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.21/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- Laundry Facilities
- Walking/Biking Trails
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 16 | - | 800 |
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Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,017,420 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,017,420
zoning
| Zoning Code | R5A |
| R5A |
-
Tim Gray -
Jarrett Gray
-
Apartments Northwest LLC
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The Forest Retreat | 2615-2631 SE 111th Ave
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