QUEEN ANNE VICTORIAN 4-PLEX

Size: px

Start display at page:

Download "QUEEN ANNE VICTORIAN 4-PLEX"

Isaac Bryant
5 years ago
Views:

1 4-Unit Multi-Family Investment 1842 SE Ankeny Street, Portland, Oregon MULTI-FAMILY INVESTMENT PROPERTY ANALYSIS 136 NE 28 th Avenue Portland, Oregon Office Fax

2 Subject Property Exterior Photos This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

3 Subject Property Interior Photos - #1842 (1BR/1BA) This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

4 Subject Property Interior Photos - #1844 (Studio) This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

5 Subject Property Neighborhood Photos Laurelhurst Theater Whole Foods Market Screen Door Luce Colonel Summers Park Central Catholic High School This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

6 SE ANKENY STREET RENT ROLL Unit # Unit Type Move-in Date Lease End Date Rent BR/1BA 2/24/17 MTM $1, Studio 8/28/17 8/31/18 $1, Studio 11/1/16 MTM $1, BR/1BA 12/20/16 11/30/18 $1,150 $4,785 This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

7 INVESTMENT SUMMARY Summary Price: $925,000 Down Payment: 30% $277,500 Number of Units: 4 Location 1842 SE Ankeny St Financing Summary New Non-Owner Occupied Residential Loan in the amount of Price/Unit: $231,250 $647,500 Building/SF: 4,063 at 5.50% Principal and Interest Amortized over 30 Years Price/SF $228 Current Cap: 4.94% Market Cap: 5.52% Parcel ID Current GIM 16.4 Lot Size Market GIM 14.9 Utilities paid by Tenant Additional Information R Acre (4,088 SF) Electricity Year Built: 1884 INCOME Annualized Operating Data Annualized Expenses Current Market 2018 Estimate % EGI Per Unit EXPENSES Scheduled Rent Income: $57,420 $63,000 Taxes $5,909 - $1,477 Laundry $800 $800 Insurance $1,800 - $450 Scheduled Gross Income: $58,220 $63,800 Water & Sewer $2,000 - $500 Less: Vacancy (3%) ($1,747) ($1,914) Trash/Recycling $687 - $172 Effective Gross Income: $56,473 $61,886 Common Gas $400 - $100 Less: Expenses: ($10,796) ($10,796) Net Operating Income $45,678 $51,090 Year 1 Debt Service ($44,117) ($44,117) Total Expenses $10, % $2,699 Pre-Tax Cash Flow $1,560 $6,973 Principal Reduction $8,722 $8,722 Total Return 3.7% $10, % $15,695 Cash Yield 0.6% $1, % $6,973 Scheduled Income Current Market Total Units Unit Type Approximate SF/Unit Rent Rent/PSF Rent Rent PSF 1 1BR-1BA 725 SF $1,350 $1.86 $1,485 $ BR-1BA 720 SF $1,150 $1.60 $1,265 $ Studio 550 SF $1,185 $2.15 $1,300 $ Studio 550 SF $1,100 $2.00 $1,200 $ $4,785 $5,250 This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

8 AERIAL PHOTOS

RENT SURVEY PROPERTY LOCATION 1842 SE Ankeny St YEAR BUILT TOTAL # OF UNITS UNIT TYPE 1884 4 1-1BR/1BA

9 RENT SURVEY PROPERTY LOCATION 1842 SE Ankeny St YEAR BUILT TOTAL # OF UNITS UNIT TYPE BR/1BA 1-1BR/1BA 2 - Studio UNIT SF CURRENT RENT RENT/PSF SOURCE PHOTO $1350 $1.86 Owner $1150 $1.60 $ $1185 $ $2.15 *Subject Property 4206 SE Salmon St Portland, OR BR/1BA 566 $1270 $2.24 Craigslist 6/1/18 Cedarhurst Village 1616 SE Cesar E Chavez Blvd Studio 420 $1000 $2.38 Craigslist 6/1/18

PROPERTY LOCATION Oak Manor 2021 SE Oak St YEAR

PHOTO 1932 SE Madison St 1907 6 1BR/1BA 600 $1300

10 PROPERTY LOCATION Oak Manor 2021 SE Oak St YEAR BUILT TOTAL # OF UNITS UNIT TYPE UNIT SF BR/1BA 627 $1395 $2.22 Craigslist 5/18/18 CURRENT RENT RENT/PSF SOURCE PHOTO 1932 SE Madison St BR/1BA 600 $1300 $2.17 Craigslist 5/18/ SE 20th Ave BR/1BA 600 $1245 $2.08 Craigslist 5/18/18

PROPERTY LOCATION 2835 SE Yamhill St YEAR BUILT TOTAL #

25 RMLS 4/16/18 CURRENT RENT RENT/PSF SOURCE PHOTO 2921

11 PROPERTY LOCATION 2835 SE Yamhill St YEAR BUILT TOTAL # OF UNITS UNIT TYPE UNIT SF BR/1BA 620 $1395 $2.25 RMLS 4/16/18 CURRENT RENT RENT/PSF SOURCE PHOTO 2921 SE Alder St BR/1BA 469 $1150 & $25 W/S/G Bill Back $2.45 Craigslist 4/12/18 Laurelhurst Manor 3710 SE Stark St BR/1BA 598 $1340 $2.24 Craigslist 4/12/18

RECENT SALES COMPARABLES PROPERTY LOCATION 1842 SE Ankeny St YEAR BUILT # UNITS UNIT MIX /

12 RECENT SALES COMPARABLES PROPERTY LOCATION 1842 SE Ankeny St YEAR BUILT # UNITS UNIT MIX / COMMENTS BR/1BA 2 - Studio PRICE / PRICE / PRICE UNIT SF GRM SOLD PHOTO $925,000 $231,250 $ TBD *Subject Property 3745 SE Belmont St BR/1BA 1 Studio $925,000 $231,250 $ Active 2625 SE Stark St LISTED by BR/1BA 1 1BR/1BA 1 Studio Open, Off-Street Parking. Private Garden Backyard. $919,000 $229,750 $ Active 933 NE 22nd Ave Portland, OR BR/1BA $1,059,000 $264,750 $ Pending

PROPERTY LOCATION 2835 SE Yamhill St YEAR UNIT MIX / PRICE /

1909 4 4 1BR/1BA $969,900 $242,475 $260 19.

4 4 1BR/1BA w/ Private Basement & Washer / Dryer $1,270,000

13 PROPERTY LOCATION 2835 SE Yamhill St YEAR UNIT MIX / PRICE / PRICE / BUILT # UNITS COMMENTS PRICE UNIT SF GRM SOLD PHOTO BR/1BA $969,900 $242,475 $ Pending 1003 SE 23 rd Ave BR/1BA 3 1BR/1BA $1,075,000 $268,750 $ July 2018 SOLD by 3 Garages 1023 SE 21 st Ave SOLD by BR/1BA w/ Private Basement & Washer / Dryer $1,270,000 $317,500 $ June NE 22nd Ave Portland, OR BR/1BA $1,100,000 $275,000 $ April 2018

PROPERTY LOCATION 919 NE Alberta St Portland, OR 97211

PRICE UNIT SF GRM SOLD PHOTO 1943 4 4 1BR/1BA $980,000

5 March 2018 2335 SE Ash St 1945 4 3 2BR/1BA 1 1BR/1BA

0 Aug 2017 5222 NE Couch St Portland, OR 97213 1960 4 4

14 PROPERTY LOCATION 919 NE Alberta St Portland, OR YEAR UNIT MIX / PRICE / PRICE / BUILT # UNITS COMMENTS PRICE UNIT SF GRM SOLD PHOTO BR/1BA $980,000 $245,000 $ March SE Ash St BR/1BA 1 1BR/1BA $1,050,000 $262,500 $ Aug NE Couch St Portland, OR BR/1BA $988,095 $247,024 $ June 2017 SOLD by 911 SE 26 th Ave BR/1BA $895,000 $223,750 $ June 2017

PROPERTY LOCATION 2240 NE 14 th Ave Portland, OR 97212 YEAR

UNIT SF GRM SOLD PHOTO 1908 4 4 2BR/1BA $1,250,000 $312,500

2 Dec 2016 5610 N Greeley Ave Portland, OR 97217 2016 4 4

9 Nov 2016 5516 NE Hoyt St Portland, OR 97213 1966 4 3

15 PROPERTY LOCATION 2240 NE 14 th Ave Portland, OR YEAR UNIT MIX / PRICE / PRICE / BUILT # UNITS COMMENTS PRICE UNIT SF GRM SOLD PHOTO BR/1BA $1,250,000 $312,500 $ Dec N Greeley Ave Portland, OR BR/1BA $1,110,000 $277,500 $ Nov NE Hoyt St Portland, OR BR/1BA 1 1BR/1BA $850,000 $212,500 $ Oct 2016 SOLD by 2905 SE Alder St BR/1BA 3 1BR/1BA $1,495,000 $373,750 $349 NA Sept 2016

BELMONT 4-PLEX. 4-Unit Multi-Family Investment 3051 SE Belmont Street, Portland, Oregon MULTI-FAMILY INVESTMENT PROPERTY ANALYSIS

BELMONT 4-PLEX. 4-Unit Multi-Family Investment 3051 SE Belmont Street, Portland, Oregon MULTI-FAMILY INVESTMENT PROPERTY ANALYSIS 4-Unit Multi-Family Investment 3051 SE Belmont Street, Portland, Oregon 97214 MULTI-FAMILY INVESTMENT ANALYSIS 136 NE 28 th Avenue Portland, Oregon 97232 503-327-8237 Office 503-954-3087 Fax www.equitypacificrealestate.com