4857 SW 141st Ave
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4857 SW 141st Ave
2 Unit Apartment Building Offered at $799,800 at a 4.43% Cap Rate in Beaverton, OR 97005
Executive Summary
***** Rents going up on 01/01/2025 to $1969.00 each unit. New Gross Annual Income $47,256.00, GRM 16.61, new CAP 5.0 *****
More room to increase rents in the future. Comparable rents in the area $2200 - 2700 per unit.
Long term tenants, very low rents for the area. Both tenants are on month to month.
Showing subject to inspection for both units. Zero vacancy in over 8 years.
Both units metered for all utilities separately, 2 water meters, 2 gas meters, 2 electric meters. Tenants pay all utilities including water, sewer, garbage, gas and electric.
New Exterior paint and new gutters in 2023. Clean, low maintenance units. Each unit comes with stove, fridge, washer and dryer included.
Both units have forced air heating (Gas) and Central Air. Each comes with a single car garage with an electric opener.
Seller doing 1031 and can not carry.
More room to increase rents in the future. Comparable rents in the area $2200 - 2700 per unit.
Long term tenants, very low rents for the area. Both tenants are on month to month.
Showing subject to inspection for both units. Zero vacancy in over 8 years.
Both units metered for all utilities separately, 2 water meters, 2 gas meters, 2 electric meters. Tenants pay all utilities including water, sewer, garbage, gas and electric.
New Exterior paint and new gutters in 2023. Clean, low maintenance units. Each unit comes with stove, fridge, washer and dryer included.
Both units have forced air heating (Gas) and Central Air. Each comes with a single car garage with an electric opener.
Seller doing 1031 and can not carry.
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 |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
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 | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $799,800 | Property Type | Multifamily |
| Price Per Unit | $399,900 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,512 SF |
| Cap Rate | 4.43% | Average Occupancy | 100% |
| Sale Conditions | 1031 Exchange | No. Stories | 2 |
| Gross Rent Multiplier | 19.55 | Year Built | 2004 |
| No. Units | 2 | Parking Ratio | 0.8/1,000 SF |
| Price | $799,800 |
| Price Per Unit | $399,900 |
| Sale Type | Investment |
| Cap Rate | 4.43% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 19.55 |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.07 AC |
| Building Size | 2,512 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2004 |
| Parking Ratio | 0.8/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Carpet
- Double Pane Windows
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $1,790 | 1,256 |
1 of 1
Bike Score ®
Very Bikeable (73)
zoning
| Zoning Code | RMA |
| RMA |
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Presented by
Frank Kurpiel
4857 SW 141st Ave
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