800 NW 25th Ave - 40 Beds Memory Care RCF
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800 NW 25th Ave - 40 Beds Memory Care RCF
14,124 SF Health Care Building Offered at £5,925,075 at a 14.20% Net Initial Yield in Portland, OR 97210
Investment Highlights
- Nob Hill Location
- 25 units / 40beds
- Recently updated facility
- Upside potential
Executive Summary
This property has an amazing location in one of the Portland's most attractive neighborhood, Currently at 80% occupancy this senior housing facility is just months away from being fully stabilized and producing a substantial income. The facility is licensed for 40 memory care beds. The building was updated within the last 2 years.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £5,925,075 | Building Class | C |
| Price Per Bed | £148,127 | Lot Size | 0.35 AC |
| Sale Type | Investment or Owner User | Building Size | 14,124 SF |
| Net Initial Yield | 14.20% | No. Beds | 40 |
| Sale Conditions | 1031 Exchange | Number of Floors | 2 |
| Property Type | Health Care | Year Built/Renovated | 1959/2023 |
| Property Subtype | Assisted Living | Parking Ratio | 0.21/1,000 SF |
| Price | £5,925,075 |
| Price Per Bed | £148,127 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 14.20% |
| Sale Conditions | 1031 Exchange |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 14,124 SF |
| No. Beds | 40 |
| Number of Floors | 2 |
| Year Built/Renovated | 1959/2023 |
| Parking Ratio | 0.21/1,000 SF |
Room Mix Information
| Description | No. Beds |
|---|---|
| Private and Shared | 40 |
1 of 1
Walk Score ®
Walker's Paradise (95)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | R198429 | Total Assessment | £1,823,904 (2023) |
| Land Assessment | £0 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R198429
Land Assessment
£0 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£1,823,904 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | RM2 (The RM2 zoning allows for multiple uses: https://www.portland.gov/ppd/zoning-land-use/zoning-code-overview/base-zones) |
| RM2 (The RM2 zoning allows for multiple uses: https://www.portland.gov/ppd/zoning-land-use/zoning-code-overview/base-zones) |
-
Cornell Mann -
Great Western Real Estate Co
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800 NW 25th Ave - 40 Beds Memory Care RCF
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