63-97 W 16th Ave
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63-97 W 16th Ave
12 Unit Apartment Building $1,500,000 ($125,000/Unit) 5% Cap Rate Eugene, OR 97401
Investment Highlights
- 20% Below Market Rent
- 100% Occupied
- Close to University of Oregon and Downtown
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$157,140
|
$17.22
|
| Other Income |
$575
|
$0.06
|
| Vacancy Loss |
$7,886
|
$0.86
|
| Effective Gross Income |
$149,829
|
$16.42
|
| Taxes |
$11,488
|
$1.26
|
| Operating Expenses |
$33,630
|
$3.69
|
| Total Expenses |
$45,118
|
$4.94
|
| Net Operating Income |
$104,711
|
$11.47
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $157,140 |
| Annual Per SF | $17.22 |
| Other Income | |
|---|---|
| Annual | $575 |
| Annual Per SF | $0.06 |
| Vacancy Loss | |
|---|---|
| Annual | $7,886 |
| Annual Per SF | $0.86 |
| Effective Gross Income | |
|---|---|
| Annual | $149,829 |
| Annual Per SF | $16.42 |
| Taxes | |
|---|---|
| Annual | $11,488 |
| Annual Per SF | $1.26 |
| Operating Expenses | |
|---|---|
| Annual | $33,630 |
| Annual Per SF | $3.69 |
| Total Expenses | |
|---|---|
| Annual | $45,118 |
| Annual Per SF | $4.94 |
| Net Operating Income | |
|---|---|
| Annual | $104,711 |
| Annual Per SF | $11.47 |
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $125,000 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 6,000 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Apartment Style | Garden |
| Price | $1,500,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 6,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 2.5/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $745.00 | 400 - 425 |
| 1+1 | 11 | $862.50 | 500 - 515 |
1 of 1
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $587,590 (2023) | |
| Land Assessment | $0 (2023) | Annual Taxes | $11,488 ($1.91/SF) |
| Improvements Assessment | $0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$587,590 (2023)
Annual Taxes
$11,488 ($1.91/SF)
Tax Year
2024
zoning
| Zoning Code | R-4 |
| R-4 |
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63-97 W 16th Ave
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