4545 SE INA AVEMilwaukie, OR97267

$2,999,900
18 total units
$208,069 annual income
Capitilization Rate: 4.73
16014 sq. ft
0.54 acres
SqFt20000toAcres1
Elementary School: Jennings Lodge
Middle School: Gardiner
High School: Oregon City
Zoning: MR1
43 days on market

VestorFilter™

Price per unit$166.7K/unit
Price per ft²$187.33/ft²
Price per acre$5.56M/ac
Time on market43 days

Property Description

Jennings Lodge in Milwaukie is an 18 unit property built in 1972 and features 12- 2Bed/1Bath apartments and 6- 1Bed/1Bath apartments. New exterior paint 2023, new roof 2017, seal coat and stripe parking lot 2023 and 10 of 18 units have had interior updates over the last 3 years. Conveniently located just a half block to public transportation and easy freeway access to Hwy 205. Fully occupied, this courtyard style plex with it's central pergola, raised beds and benches, is close to local services, grocery, dining as well as parks and the river. Jennings Lodge is fully occupied with rental rates below the current market and is priced at $167K per door. It has 18 parking spots and two handicap spaces. Each unit has it's own storage and there is on site laundry. Current rents $20,275 per month.

{{ compliance-logo }}Listing Provided By John L. Scott Portland Central

Financial Data

Original Price$2,999,900
Current Price$2,999,900

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Home Facts

StatusActive
Year Built1972
Stories2
Exterior Features
MLS ID24095894

Unit Details

Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
Unit 6