13306 SE LINDEN LN, Milwaukie, OR 97222

$3,195,000
List Price
$3,195,000
Days on Market
7
MLS#
21676677
Property Type
Multifamily
Lot Size
1 to 2.99 Acres
Region
Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
Status
Pending

Property Description

Twenty-20 two bedroom / 1 bath apartment units, 780 square feet each. Subject property has a stable/long-term operating history. Collected income: 2019($234,975), 2020($230,442 *modest Covid impact + five extensive unit turnovers resulted in temporary vacancies). Average current scheduled rent = $1,147 per unit. Highest rent currently achieved = $1,250. Primed for continued near-term income growth. New roofs in 2021 and sewer line to all 5 buildings in 2020.

Additional Information

Tax Amount
$22,538
Year Built
1967
Middle School
Other
Stories
2
Terms
Cash, Conventional
Fuel Description
Electricity
Heating Description
Baseboard
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Cumulative Days On Market
7
Sq Ft Approximate Building Total
24000
Capitalization Rate
5.34
Operating Expenses Actual
94571
Gross Income Actual
279000
Gross Rent Multiplier
11.45
Net Income Actual
170665
Occupancy Types
Leased, Month To Month
Number Of Units Total
20
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1147
Unit Type One Sq Ft
780
Unit Type One Units Total
20

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Realty Yield.

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