6202 SW BURLINGAME AVE Portland, OR 97239

For sale: 0.55 acres of land zoned RM2 with an existing 8 unit, 9 bedroom apartment complex that is well positioned giving the potential to develop more units. Concept plans complete to build two added buildings, a total of 14 units. Located in the heart of the SW Hillsdale neighborhood only one block from the town center. Storage/laundry room could be converted to an extra unit. The property has room for improvements and rent increases.

• General Features
  • Area Portland NW/ SW/ S, Raleigh Hills
  • Bank Owned Y/N No
  • Capitalization Rate 2.63
  • Country US
  • Fuel Description Electricity
  • Gross Income Actual 96028
  • Gross Rent Multiplier 23.95
  • Heating Description Ceiling
  • Hot Water Description Electricity
  • Net Income Actual 60577
  • Number Of Units Total 8
  • Operating Expenses Actual 35451
  • Sewer Description Public Sewer
  • Short Sale Y/N No
  • Stories 3
  • Subdivision HILLSDALE/BURLINGAME
  • Supplement Number 0
  • Tax Amount 16895.11
  • Terms Call Listing Agent,Cash,Conventional
  • Third Party Approval Y/N No
  • Utilities Included None
  • View Type Territorial
  • View Y/N Yes
  • Water Description Public Water
  • Year Built 1970
  • Zoning RM2
• Building Features
  • Basement1 Slab
  • Common Amenities Laundry
  • Exterior Description Aluminum
  • SqFt Approximate Building Total 6435
  • Storage Individual Storage Units
  • Unit Type1 Baths Total 1
  • Unit Type1 Beds Total 1
  • Unit Type1 Features Dishwasher,Disposal,Range,Refrigerator
  • Unit Type1 Rent 995
  • Unit Type1 SqFt 710
  • Unit Type1 Units Total 1
  • Unit Type2 Baths Total 1
  • Unit Type2 Beds Total 1
  • Unit Type2 Features Dishwasher,Disposal,Range,Refrigerator
  • Unit Type2 Rent 825
  • Unit Type2 SqFt 710
  • Unit Type2 Units Total 1
  • Unit Type3 Baths Total 2
  • Unit Type3 Beds Total 2
  • Unit Type3 Features Dishwasher,Disposal,Range,Refrigerator
  • Unit Type3 Rent 950
  • Unit Type3 SqFt 710
  • Unit Type3 Units Total 2
  • Unit Type4 Baths Total 3
  • Unit Type4 Beds Total 3
  • Unit Type4 Features Dishwasher,Disposal,Range,Refrigerator
  • Unit Type4 SqFt 710
  • Unit Type4 Units Total 3
  • Unit Type4Rent 1095
  • Unit Type5 Baths Total 2
  • Unit Type5 BedsTotal 2
  • Unit Type5 Features Dishwasher,Disposal,Range,Refrigerator
  • Unit Type5 Rent 1350
  • Unit Type5 SqFt 900
  • Unit Type5 Units Total 1
  • UnitFeatures Dishwasher,Disposal,Range,Refrigerator
  • UnitTypeType 1,2,3,4,5
• Room Features
  • Legal Description BURLINGAME SUB, BLOCK 51, SUB LOT A-F OF LOT 8, SUB LOT A-E OF LO
  • Limited Representation Y/N Full Service
• Property Features
  • Lot Description Corner Lot,Secluded,Wooded,Gentle Sloping
  • Lot Size 20,000 SqFt to .99 Acres
  • Property Category Multi Family
  • Roof Type Composition
• Schools
  • Elementary School Rieke
  • High School Ida B Wells
  • Middle School Robert Gray