4038-4048 SE Powell Valley Rd - 4038-4048 SE Powell Valley Rd
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4038-4048 SE Powell Valley Rd - 4038-4048 SE Powell Valley Rd
2,460 SF Specialty Building Offered at $627,900 at a 5.57% Cap Rate in Gresham, OR 97080
Investment Highlights
- Easy Care Vinyl Siding
- Large Fenced Yards
- Each Unit also has 2 additional off street parking spaces not including the garages.
Executive Summary
A Solid Investment property! Cap rate of 5.57% with a very low vacancy rate of 1%. This desirable property is
a townhome style duplex with a great functional floorplan. A smart addition to your investment portfolio. The seller is
the original owner. It has been well cared for inside and out. Each unit has 3 good size bedrooms, 2.5 baths, wall to wall carpet, new roof 10/2018, new LVP floors (4038)-2022 & vinyl floors in 2018 (4048) for easy care and maintenance. The open floor plan is ideal. Kitchens include a double sink, breakfast bar and all appliances for both units. The slider just of the dining area, gives easy access to a private patio & fenced backyard perfect. Six New LED front security lights provide ample light at night. The vinyl siding makes your maintenance and upkeep a breeze. Unit 4048 is rented for $1,995 mo/mo and 4038 is rented for $2,195 lease. Utilities covered in a flat rate of $125 each (water, sewer & garbage). On a bus line and less than a mile for shopping, dining & parks makes this a perfect location. Easy access to I84. Photos of unit 4038 were taken in June of 2024 prior to tenant move in.
a townhome style duplex with a great functional floorplan. A smart addition to your investment portfolio. The seller is
the original owner. It has been well cared for inside and out. Each unit has 3 good size bedrooms, 2.5 baths, wall to wall carpet, new roof 10/2018, new LVP floors (4038)-2022 & vinyl floors in 2018 (4048) for easy care and maintenance. The open floor plan is ideal. Kitchens include a double sink, breakfast bar and all appliances for both units. The slider just of the dining area, gives easy access to a private patio & fenced backyard perfect. Six New LED front security lights provide ample light at night. The vinyl siding makes your maintenance and upkeep a breeze. Unit 4048 is rented for $1,995 mo/mo and 4038 is rented for $2,195 lease. Utilities covered in a flat rate of $125 each (water, sewer & garbage). On a bus line and less than a mile for shopping, dining & parks makes this a perfect location. Easy access to I84. Photos of unit 4038 were taken in June of 2024 prior to tenant move in.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$49,236
|
$20.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$49,236
|
$20.01
|
| Taxes |
$7,047
|
$2.86
|
| Operating Expenses |
$14,277
|
$5.80
|
| Total Expenses |
$21,324
|
$8.67
|
| Net Operating Income |
$27,912
|
$11.35
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $49,236 |
| Annual Per SF | $20.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $49,236 |
| Annual Per SF | $20.01 |
| Taxes | |
|---|---|
| Annual | $7,047 |
| Annual Per SF | $2.86 |
| Operating Expenses | |
|---|---|
| Annual | $14,277 |
| Annual Per SF | $5.80 |
| Total Expenses | |
|---|---|
| Annual | $21,324 |
| Annual Per SF | $8.67 |
| Net Operating Income | |
|---|---|
| Annual | $27,912 |
| Annual Per SF | $11.35 |
Property Facts
| Price | $627,900 | Property Subtype | Residential Income |
| Price Per SF | $255 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.57% | Building Size | 2,460 SF |
| Sale Conditions | Building in Shell Condition | No. Stories | 2 |
| Gross Rent Multiplier | 12.75 | Year Built | 2001 |
| Property Type | Specialty |
| Price | $627,900 |
| Price Per SF | $255 |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| Sale Conditions | Building in Shell Condition |
| Gross Rent Multiplier | 12.75 |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,460 SF |
| No. Stories | 2 |
| Year Built | 2001 |
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zoning
| Zoning Code | LDR-7 (The Low Density Residential-7 (please see attached for full description)) |
| LDR-7 (The Low Density Residential-7 (please see attached for full description)) |
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4038-4048 SE Powell Valley Rd - 4038-4048 SE Powell Valley Rd
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