432 Ne Dekum St
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432 Ne Dekum St
3,652 SF 100% Leased Retail Building Portland, OR 97211 $890,000 ($244/SF) 6.30% Cap Rate
Investment Highlights
- CMC Zoning
- Multiple Income Streams
- Corner Lot
Executive Summary
Calling all entrepreneurs, investors and creative thinkers? this is the spot for you. Zoned CM2 and positioned on a corner lot this three unit rental is ready for your vision. Currently fully rented with a residence upstairs, day care on the main and a salon outbuilding with separate meters. The ground work has been done for more income revenue with a fully permitted space for a food cart, tiny home, or a commercial kitchen if you repurposed the main floor into a cafe or restaurant with more seating available in adjacent level back yard. Full basement is also ready for your finishing touches for even more income revenue. The main level unit has been refreshed with new flooring, light fixtures and plumbing. The salon space was a complete new build in 2020 and has exquisite finishes throughout including a vaulted ceiling, floor to ceiling brick wall with 7 foot wood arched Marvin windows. Complete with a half bath and extra work sink, powered by tankless water heater. Call today for a private tour and to discuss how to make this your creative dream and add to the Dekum Triangle and Woodlawn food scene.
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$59,580
|
$16.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$59,580
|
$16.31
|
| Taxes |
$1,811
|
$0.50
|
| Operating Expenses |
$1,680
|
$0.46
|
| Total Expenses |
$3,491
|
$0.96
|
| Net Operating Income |
$56,089
|
$15.36
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $59,580 |
| Annual Per SF | $16.31 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $59,580 |
| Annual Per SF | $16.31 |
| Taxes | |
|---|---|
| Annual | $1,811 |
| Annual Per SF | $0.50 |
| Operating Expenses | |
|---|---|
| Annual | $1,680 |
| Annual Per SF | $0.46 |
| Total Expenses | |
|---|---|
| Annual | $3,491 |
| Annual Per SF | $0.96 |
| Net Operating Income | |
|---|---|
| Annual | $56,089 |
| Annual Per SF | $15.36 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,652 SF
Building Class
C
Year Built
1910
Price
$890,000
Price Per SF
$244
Cap Rate
6.30%
NOI
$56,070
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.76
Lot Size
0.11 AC
Zoning
CM2 - CM2 zone is a medium-scale, commercial mixed use zone, generally expected to be up to 4 stories except where bonuses allow up to 5 stories.
Frontage
162 FT on NE Martin Luther King Blv
Amenities
- Corner Lot
- Kiosk/Cart Space
Walk Score®
Very Walkable (84)
Bike Score®
Biker's Paradise (97)
Nearby Major Retailers
1 of 23
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432 Ne Dekum St
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