Skylark Apartments | 2345-2473 SE 135th Ave
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Skylark Apartments 2345-2473 SE 135th Ave
30 Unit Block of Flats £4,345,055 (£144,835/Unit) 6.23% Net Initial Yield Portland, OR 97233
Investment Highlights
- Plenty of onsite parking
- Walk through upon accepted offer to purchase
- Seller will carryback balance at interest only with down payment of $2,500,000
Executive Summary
Skylark Apartments 30 total units a mix of 1 (12 units), 2 (4 units) and 3 (14 units) beds. All but 5 out of 30 units have been rehabbed within the past 2 yrs. All units have submeters for water and all leases have RUBS in place.
Property Facts
| Price | £4,345,055 | Apartment Style | Garden |
| Price Per Unit | £144,835 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.72 AC |
| Net Initial Yield | 6.23% | Building Size | 27,360 SF |
| No. Units | 30 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Price | £4,345,055 |
| Price Per Unit | £144,835 |
| Sale Type | Investment |
| Net Initial Yield | 6.23% |
| No. Units | 30 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.72 AC |
| Building Size | 27,360 SF |
| Number of Floors | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.6/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 600 |
| 2+1 | 4 | - | 900 |
| 3+1.5 | 14 | - | 1,100 |
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Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | R283968 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £1,464,718 |
PROPERTY TAXES
Parcel Number
R283968
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,464,718
zoning
| Zoning Code | HR2 |
| HR2 |
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Steve Morris -
Brant Plaster -
IMG Northwest
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Skylark Apartments | 2345-2473 SE 135th Ave
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