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Laurelhurst Studios 3327-3333 NE Sandy Blvd

18 Unit Block of Flats £1,702,992 (£94,611/Unit) 7.40% Net Initial Yield Portland, OR 97232

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Investment Highlights

Crisp Clean Units
Great Location in Laurelhurst

Opportunity to Self Manage

Executive Summary

Laurelhurst Studios is an 18 unit fully renovated studio apartment complex with modern amenities, in superb condition and is fully leased. Rent Roll available. The complex is quiet, well maintained and available for buyer manager, or continue with professional property management. Lovely Landscaping, outdoor space, bike parking and on public transportation lines. Tenants pay Electric. Landlord covers water sewer and wifi. These are some of the most affordable rentals in the city. Tours Available for the exterior. Contact Listing Agent. www.laurelhurststudios.com

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£195,190	£18.07
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£195,190	£18.07
Taxes	£23,630	£2.19
Operating Expenses	£45,539	£4.22
Total Expenses	£69,169	£6.40
Net Operating Income	£126,021	£11.67

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£195,190
Annual Per SF	£18.07

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£195,190
Annual Per SF	£18.07

Taxes
Annual	£23,630
Annual Per SF	£2.19

Operating Expenses
Annual	£45,539
Annual Per SF	£4.22

Total Expenses
Annual	£69,169
Annual Per SF	£6.40

Net Operating Income
Annual	£126,021
Annual Per SF	£11.67

Property Facts

Price	£1,702,992	Apartment Style	Low Rise
Price Per Unit	£94,611	Building Class	B
Sale Type	Investment	Lot Size	0.38 AC
Net Initial Yield	7.40%	Building Size	10,800 SF
No. Units	18	Average Occupancy	94%
Property Type	Residential	Number of Floors	2
Property Subtype	Apartment	Year Built/Renovated	2013/2014

Price	£1,702,992
Price Per Unit	£94,611
Sale Type	Investment
Net Initial Yield	7.40%
No. Units	18
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.38 AC
Building Size	10,800 SF
Average Occupancy	94%
Number of Floors	2
Year Built/Renovated	2013/2014

Unit Amenities

Air Conditioning
Heating

Kitchen
Oven

Tub/Shower

Wheelchair Accessible (Rooms)

Site Amenities

Laundry Facilities

Grill

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
Studios	18	-	600

1 of 1

Walk Score ®

Walker's Paradise (93)

Bike Score ®

Biker's Paradise (95)

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 Numbers	Multiple R203041 R203040	Total Assessment	£1,292,795
Land Assessment	£0	Annual Taxes	£23,630 (£2.19/sf)
Improvements Assessment	£0	Tax Year	2023

PROPERTY TAXES

Parcel Numbers

Multiple

R203041
R203040

Land Assessment

£0

Improvements Assessment

£0

Total Assessment

£1,292,795

Annual Taxes

£23,630 (£2.19/sf)

Tax Year

2023

zoning

Zoning Code	CM3 (The CM3 zone is a large-scale, commercial mixed use zone intended for sites close to the Central City, in high-capacity transit station areas or t)
CM3 (The CM3 zone is a large-scale, commercial mixed use zone intended for sites close to the Central City, in high-capacity transit station areas or t)