About 14937 Se Stark St
Fully rented, with recent rent increases, and several long-term tenants. Four apartment buildings on a nearly 3/4 acre lot: A townhouse style 6-plex with 2 bedroom, 1.1 bath, 933 sq. ft. units, built in 2005; a townhouse style 4-plex, with 2 bedroom, 1.1 bath, 933 sq. ft. units, built 2001; a duplex with 2 bedroom, 1 bath, 900 sq. ft. units, built 2001; and a 4-plex with three 2 bedroom, 1 bath units & one 1 bedroom, 1 bath unit, built 1966. All units have their own full-size washer & dryer, except the original 4-plex has a shared laundry. All townhouse-style units feature 9' ceilings on the main level. Tenants pay own electricity bills. Gross sq. ft. is gross rentable area, and doesn't include a shared laundry area in one building. Most units are located well off of Stark St. in a quiet setting with 26 parking spaces. School bus stops at the driveway. Cap rate is 6.13 using projected net income.
Features of 14937 Se Stark St
| MLS® # | 24056070 |
|---|---|
| Price | $2,600,000 |
| Bathrooms | 0.00 |
| Square Footage | 14,080 |
| Acres | 0.73 |
| Year Built | 2005 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 14937 Se Stark St |
|---|---|
| Area | 143 - Portland Southeast |
| Subdivision | GLENFAIR |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97233 |
Amenities
| Parking Spaces | 26 |
|---|---|
| Parking | Off Street, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Radiant, Zoned |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Crawl Space, Partial Basement, Partially Finished |
Exterior
| Exterior | Cement Siding, Brick, T-111 Siding |
|---|---|
| Lot Description | Level |
| Roof | Composition |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Glenfair |
|---|---|
| Middle | H.B. Lee |
| High | Reynolds |
Additional Information
| Date Listed | June 12th, 2024 |
|---|---|
| Days on Market | 390 |
| Zoning | RM3 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Equity Group |
|---|