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Wood Village Fourplex

Wood Village Fourplex

https://www.josephbernard.net/wood-village-fourplex
Address:
23029 NE Arata Rd, Wood Village, Oregon 97060
Price:
$707,000
Units:
4
Price per unit:
$176,750
Cap Rate:
12.29 (GRM)
Year Built:
1950

Highlights

  • 3 of 4 units are remodeled with LVP flooring, new countertops and updated cabinetry
  • Roof in good condition (approx. 6 years old)
  • 1 vacant unit providing an owner-occupied opportunity
  • W/D in each unit
  • Ample on-site parking
  • Large lot, zoned MR2
  • Reasonable taxes at 7.63% of EGI in 2020
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Wood Village Fourplex

Summary

Single level fourplex on large lot. Three units have been updated and one unit is vacant, providing an owner-occupied opportunity. Highest rent in building is $1250. Room to increase rents and cut operating expenses including landscaping.

Highlights

  • 3 of 4 units are remodeled with LVP flooring, new countertops and updated cabinetry
  • Roof in good condition (approx. 6 years old)
  • 1 vacant unit providing an owner-occupied opportunity
  • W/D in each unit
  • Ample on-site parking
  • Large lot, zoned MR2
  • Reasonable taxes at 7.63% of EGI in 2020
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Wood Village Fourplex

NE Arata Rd/NE 231st Ct

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Wood Village Fourplex

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Wood Village Fourplex

Document Title Document Type
Property Flyer Adobe PDF
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Wood Village Fourplex

Joseph Bernard, LLC
5200 S Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax