4038-4048 SE Powell Valley Rd - 4038-4048 SE Powell Valley Rd
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4038-4048 SE Powell Valley Rd - 4038-4048 SE Powell Valley Rd
2,460 SF Speciality Building Offered at £499,507 at a 5.57% Net Initial Yield in Gresham, OR 97080
Investment Highlights
- Easy Care Vinyl Siding
- Large Fenced Yards
- Each Unit also has 2 additional off street parking spaces not including the garages.
Executive Summary
A Solid Investment property! Cap rate of 5.57% with a very low vacancy rate of 1%. This desirable property is
a townhome style duplex with a great functional floorplan. A smart addition to your investment portfolio. The seller is
the original owner. It has been well cared for inside and out. Each unit has 3 good size bedrooms, 2.5 baths, wall to wall carpet, new roof 10/2018, new LVP floors (4038)-2022 & vinyl floors in 2018 (4048) for easy care and maintenance. The open floor plan is ideal. Kitchens include a double sink, breakfast bar and all appliances for both units. The slider just of the dining area, gives easy access to a private patio & fenced backyard perfect. Six New LED front security lights provide ample light at night. The vinyl siding makes your maintenance and upkeep a breeze. Unit 4048 is rented for $1,995 mo/mo and 4038 is rented for $2,195 lease. Utilities covered in a flat rate of $125 each (water, sewer & garbage). On a bus line and less than a mile for shopping, dining & parks makes this a perfect location. Easy access to I84. Photos of unit 4038 were taken in June of 2024 prior to tenant move in.
a townhome style duplex with a great functional floorplan. A smart addition to your investment portfolio. The seller is
the original owner. It has been well cared for inside and out. Each unit has 3 good size bedrooms, 2.5 baths, wall to wall carpet, new roof 10/2018, new LVP floors (4038)-2022 & vinyl floors in 2018 (4048) for easy care and maintenance. The open floor plan is ideal. Kitchens include a double sink, breakfast bar and all appliances for both units. The slider just of the dining area, gives easy access to a private patio & fenced backyard perfect. Six New LED front security lights provide ample light at night. The vinyl siding makes your maintenance and upkeep a breeze. Unit 4048 is rented for $1,995 mo/mo and 4038 is rented for $2,195 lease. Utilities covered in a flat rate of $125 each (water, sewer & garbage). On a bus line and less than a mile for shopping, dining & parks makes this a perfect location. Easy access to I84. Photos of unit 4038 were taken in June of 2024 prior to tenant move in.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£39,168
|
£15.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£39,168
|
£15.92
|
| Taxes |
£5,606
|
£2.28
|
| Operating Expenses |
£11,358
|
£4.62
|
| Total Expenses |
£16,964
|
£6.90
|
| Net Operating Income |
£22,205
|
£9.03
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £39,168 |
| Annual Per SF | £15.92 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £39,168 |
| Annual Per SF | £15.92 |
| Taxes | |
|---|---|
| Annual | £5,606 |
| Annual Per SF | £2.28 |
| Operating Expenses | |
|---|---|
| Annual | £11,358 |
| Annual Per SF | £4.62 |
| Total Expenses | |
|---|---|
| Annual | £16,964 |
| Annual Per SF | £6.90 |
| Net Operating Income | |
|---|---|
| Annual | £22,205 |
| Annual Per SF | £9.03 |
Property Facts
| Price | £499,507 | Property Subtype | Residential Income |
| Price Per SF | £203 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Net Initial Yield | 5.57% | Building Size | 2,460 SF |
| Sale Conditions | Shell & Core | Number of Floors | 2 |
| Gross Rent Multiplier | 12.75 | Year Built | 2001 |
| Property Type | Speciality |
| Price | £499,507 |
| Price Per SF | £203 |
| Sale Type | Investment |
| Net Initial Yield | 5.57% |
| Sale Conditions | Shell & Core |
| Gross Rent Multiplier | 12.75 |
| Property Type | Speciality |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,460 SF |
| Number of Floors | 2 |
| Year Built | 2001 |
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zoning
| Zoning Code | LDR-7 (The Low Density Residential-7 (please see attached for full description)) |
| LDR-7 (The Low Density Residential-7 (please see attached for full description)) |
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4038-4048 SE Powell Valley Rd - 4038-4048 SE Powell Valley Rd
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