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Gables on Stark 11012-11016 SE Stark St

13 Unit Block of Flats £2,584,699 (£198,823/Unit) 5.50% Net Initial Yield Portland, OR 97216

INVESTMENT HIGHLIGHTS

  • Newer construction asset (built in 2008)
  • Unit amenities include garages, washer/dryer hookups, and full kitchens
  • Priced well below replacement cost
  • Large townhouse units with 2 bedrooms and 2.5 bathrooms
  • Located near the I-205 freeway, several major national retailers, and employers
  • Upside in rents

EXECUTIVE SUMMARY

Gables on Stark consists of 13 newer built townhouse style units with rental potential upside in one of Portland’s most active rental submarkets.

ATTACHMENTS

Gables on Stark OM

PROPERTY FACTS

Price £2,584,699 Building Class B
Price Per Unit £198,823 Lot Size 0.41 AC
Sale Type Investment Building Size 17,524 SF
Net Initial Yield 5.50% Average Occupancy 100%
No. Units 13 Number of Floors 3
Property Type Multifamily Year Built 2008
Property Subtype Apartment Parking Ratio 1.54/1,000 SF
Apartment Style Low Rise
Price £2,584,699
Price Per Unit £198,823
Sale Type Investment
Net Initial Yield 5.50%
No. Units 13
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.41 AC
Building Size 17,524 SF
Average Occupancy 100%
Number of Floors 3
Year Built 2008
Parking Ratio 1.54/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Kitchen
  • Granite Countertops
  • Double Pane Windows

SITE AMENITIES

  • 24 Hour Access
  • Walk-Up

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS Avg. Rent.Mo SF
2+2.5 13 £1,392 1,246 - 1,259

LINKS

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Walk Score®
Very Walkable (71)
Bike Score®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number R634945 Improvements Assessment £0
Land Assessment £0 Total Assessment £728,861

PROPERTY TAXES

Parcel Number
R634945
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£728,861

ZONING

Zoning Code R1
R1
(503) 720-8147

CONTACTS

  • Listing ID: 33289469

  • Date on Market: 24/09/2024

  • Last Updated:

  • Address: 11012-11016 SE Stark St, Portland, OR 97216

The Mill Park Multifamily Property at 11012-11016 SE Stark St, Portland, OR 97216 is currently available. Contact Kidder Mathews for more information.

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Gables on Stark | 11012-11016 SE Stark St
(503) 720-8147 x

Gables on Stark | 11012-11016 SE Stark St

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Jordan Carter

(503) 720-8147

(503) 720-8147

Clay Newton

(503) 721-2719

(503) 721-2719

Tyler Linn

(503) 721-2702

(503) 721-2702

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