3709-3717 SE 91st Ave | Portland, OR 97266
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3709-3717 SE 91st Ave
Portland, OR 97266
Lents Apartments · Residential Property For Sale · 8 Units
Executive Summary
Great investment opportunity. 7 Unit complex with, 2- 1 Bed/1Bath apartments and 4- 2Bed/1Bath apartments plus a 2 Bed/1 Bath home. There is also a studio, recently used for storage, that is being prepped to rent. On site laundry room services the 6 units and the home has a washer/dryer. New tear off roof and gutters on the house in 2018 and extensive remodeling and new flooring in 2022. 4 of 7 units received updates over the last 3 years. Currently, all units are occupied. Scheduled rents are $8,230 per month.
PROPERTY FACTS
Price Per Unit | £110,206 | Building Class | C |
Sale Type | Investment | Lot Size | 0.24 AC |
Net Initial Yield | 3.67% | Building Size | 4,850 SF |
Gross Rent Multiplier | 51 | Average Occupancy | 100% |
No. Units | 8 | Number of Floors | 2 |
Property Type | Residential | Year Built | 1999 |
Property Subtype | Apartment | Parking Ratio | 0.41/1,000 SF |
Apartment Style | Low Rise |
Price Per Unit | £110,206 |
Sale Type | Investment |
Net Initial Yield | 3.67% |
Gross Rent Multiplier | 51 |
No. Units | 8 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.24 AC |
Building Size | 4,850 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built | 1999 |
Parking Ratio | 0.41/1,000 SF |
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 4 | £721.35 | 500 |
2+1 | 3 | £961.80 | 700 - 943 |
Studios | 1 | - | 350 |
PROPERTY TAXES
Parcel Number | R333575 | Improvements Assessment | £579,108 |
Land Assessment | £333,264 | Total Assessment | £912,372 |
PROPERTY TAXES
Parcel Number
R333575
Land Assessment
£333,264
Improvements Assessment
£579,108
Total Assessment
£912,372
zoning
Zoning Code | R1, Portland |
R1, Portland |
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