Manor Townhomes | 7833-7875 SE Johnson Creek Blvd
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Manor Townhomes 7833-7875 SE Johnson Creek Blvd
22 Unit Apartment Building $4,995,000 ($227,045/Unit) 5.52% Cap Rate Portland, OR 97206
Investment Highlights
- Assumable Debt @ 3.35%, Fixed until May of 2028!
- Excelent Location! Dozens of National Retailers within Blocks!
- Upside potential with continued turns and washer/dryer installation
- Advantageously located in Clackamas County, two blocks from Multnomah County.
- Blocks from the MAX lightrail station and the I205 freeway
- Quiet Setting & Mature Landscaping
Executive Summary
Assumable Financing @ 3.35%! The rate is fixed until November of 2028 for a qualified buyer.
Located in Clackamas County, just two blocks outside of Multnomah County, the Manor Townhomes offer 22 apartment units comprised of 20 2-bed 1.5-bath townhomes and 2 2-bed 1-bath flats. Nestled among mature landscaping the property provides residents a quiet complex just blocks from the major cooridor of 82nd Ave & Johnson Creek Blvd.
With a walk score of 77 and a bike score of 86 the Manor Townhomes are well located within the neighborhood. The property is one block from Fred Meyer and has a Trader Joes, PetSmart, Best Buy, Planet Fitness, and numerous restaurants and eateries within a half mile. Access to the I205 freeway and the regional rail line (MAX) are blocks away as well.
Six of the units have washer & dryers offering an investor upside to continue to install washer & dryer units across the property.
Please do not disturb tenants.
Listing Broker has partial ownership interest in subject property.
Located in Clackamas County, just two blocks outside of Multnomah County, the Manor Townhomes offer 22 apartment units comprised of 20 2-bed 1.5-bath townhomes and 2 2-bed 1-bath flats. Nestled among mature landscaping the property provides residents a quiet complex just blocks from the major cooridor of 82nd Ave & Johnson Creek Blvd.
With a walk score of 77 and a bike score of 86 the Manor Townhomes are well located within the neighborhood. The property is one block from Fred Meyer and has a Trader Joes, PetSmart, Best Buy, Planet Fitness, and numerous restaurants and eateries within a half mile. Access to the I205 freeway and the regional rail line (MAX) are blocks away as well.
Six of the units have washer & dryers offering an investor upside to continue to install washer & dryer units across the property.
Please do not disturb tenants.
Listing Broker has partial ownership interest in subject property.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,995,000 | Building Class | B |
| Price Per Unit | $227,045 | Lot Size | 1.25 AC |
| Sale Type | Investment | Building Size | 21,430 SF |
| Cap Rate | 5.52% | Average Occupancy | 100% |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 1.82/1,000 SF |
| Apartment Style | Garden |
| Price | $4,995,000 |
| Price Per Unit | $227,045 |
| Sale Type | Investment |
| Cap Rate | 5.52% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.25 AC |
| Building Size | 21,430 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.82/1,000 SF |
Unit Amenities
- Dishwasher
- Washer/Dryer
- Refrigerator
- Oven
- Patio
Site Amenities
- Courtyard
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 965 |
| 2+1.5 | 20 | - | 975 |
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 (2023) | |
| Land Assessment | $0 (2023) | Total Assessment | $1,303,451 (2023) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$1,303,451 (2023)
zoning
| Zoning Code | HDR |
| HDR |
-
Tyler Gerding -
Pounder Realty LLC
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Manor Townhomes | 7833-7875 SE Johnson Creek Blvd
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