4857 SW 141st Ave

2 Unit Apartment Building Offered at £643,754 at a 4.43% Net Initial Yield in Beaverton, OR 97005

Executive Summary

***** Rents going up on 01/01/2025 to $1969.00 each unit. New Gross Annual Income $47,256.00, GRM 16.61, new CAP 5.0 *****
More room to increase rents in the future. Comparable rents in the area $2200 - 2700 per unit.
Long term tenants, very low rents for the area. Both tenants are on month to month.
Showing subject to inspection for both units. Zero vacancy in over 8 years.
Both units metered for all utilities separately, 2 water meters, 2 gas meters, 2 electric meters. Tenants pay all utilities including water, sewer, garbage, gas and electric.
New Exterior paint and new gutters in 2023. Clean, low maintenance units. Each unit comes with stove, fridge, washer and dryer included.
Both units have forced air heating (Gas) and Central Air. Each comes with a single car garage with an electric opener.
Seller doing 1031 and can not carry.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

Property Facts

Price £643,754
Price Per Unit £321,877
Sale Type Investment
Net Initial Yield 4.43%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 19.55
No. Units 2
Property Type Residential
Lot Size 0.07 AC
Building Size 2,512 SF
Average Occupancy 100%
Number of Floors 2
Year Built 2004
Parking Ratio 0.8/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Carpet
  • Double Pane Windows
  • Patio

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+2 2 £1,441 1,256
Bike Score ®
Very Bikeable (73)

zoning

Zoning Code RMA
  • Listing ID: 31443949

  • Date on Market: 07/04/2024

  • Last Updated:

  • Address: 4857 SW 141st Ave, Beaverton, OR 97005