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-Each office is independantly owned and operated.-
This informaon has been secured from sources we believe to be reliable, but we make no representaons or warranes, expressed or implied, as to the accuracy of theinformaon. References to square footage or age are approximate. Buyer must verify the informaon and bears all risk for any innacuracies. Any projecons, opinions,assumpons, or esmates used herein are for example purposes only and do not represent the current or future performance of the property.
FOR MORE INFORMATION, CONTACT:
Tel: (503) [email protected]
www.DarrylBodle.com
Offering Memorandum
1525 N Webster St, Portland, OR 97217
This informaon has been secured from sources we believe to be reliable, but we make no representaons or warranes, expressed or implied, as to the accuracy of theinformaon. References to square footage or age are approximate. Buyer must verify the informaon and bears all risk for any innacuracies. Any projecons, opinions,assumpons, or esmates used herein are for example purposes only and do not represent the current or future performance of the property.
-Each office is independantly owned and operated.-
PROPERTY DETAILS
ADDRESS: 1525 N Webster StCITY: PortlandCOUNTY: MultnomahTOTAL UNITS: 19YEAR BUILT: 2019TTOTAL BUILDING SIZE: 11,047 sqSTORIES: 3
OFFERING SUMMARYOFFERING PRICE: $4,200,000
PRICE PER SQ. FT.: $380CAP RATE (Pro Forma): 5.59%
INVESTMENT SUMMARY
PROFORMA SUMMARY – 1525 N Webster StFloor Plan Unit # Unit Mix Rent / Unit Rent / SF
1 bd, 1 ba 102 5.26% Occupied 414 $1,150 $2.78 $1,150 $13,800 4.68%
1 bd, 1 ba 103 5.26% Occupied 414 $1,125 $2.72 $1,125 $13,500 4.58%
1 bd, 1 ba 104 5.26% Occupied 414 $1,150 $2.78 $1,150 $13,800 4.68%
2BD, 2 BA 106 5.26% Occupied 849 $1,975 $2.33 $1,975 $23,700 8.04%
1 bd, 1 ba 107 5.26% Occupied 543 $1,300 $2.39 $1,300 $15,600 5.29%
Studio 201 5.26% Occupied 334 $1,000 $2.99 $1,000 $12,000 4.07%
1 bd, 1 ba 202 5.26% Occupied 439 $1,175 $2.68 $1,175 $14,100 4.78%
1 bd, 1 ba 203 5.26% Occupied 439 $1,175 $2.68 $1,175 $14,100 4.78%
1 bd, 1 ba 204 5.26% Occupied 414 $1,150 $2.78 $1,150 $13,800 4.68%
1 bd, 1 ba 205 5.26% Occupied 424 $1,175 $2.77 $1,175 $14,100 4.78%
2 BD, 2 BA 206 5.26% Vacant 663 $1,825 $2.75 $1,825 $21,900 7.43%
1 bd, 1 ba 207 5.26% Occupied 538 $1,350 $2.51 $1,350 $16,200 5.49%
Studio 301 5.26% Occupied 334 $1,100 $3.29 $1,100 $13,200 4.48%
1 bd, 1 ba 302 5.26% Occupied 439 $1,225 $2.79 $1,225 $14,700 4.98%
1 bd, 1 ba 303 5.26% Occupied 439 $1,200 $2.73 $1,200 $14,400 4.88%
1 bd, 1 ba 304 5.26% Occupied 414 $1,175 $2.84 $1,175 $14,100 4.78%
1 bd, 1 ba 305 5.26% Occupied 424 $1,150 $2.71 $1,150 $13,800 4.68%
2 BD, 2 BA 306 5.26% Occupied 663 $1,850 $2.79 $1,850 $22,200 7.53%
1 bd, 1 ba 307 5.26% Occupied 538 $1,325 $2.46 $1,325 $15,900 5.39%
19 100.00% 18 / 19 481 $24,575 $2.72 $24,575 $294,900 100.00%
Annual Proforma (Projected)Projected Income Monthly Annual Estimated Proforma Expenses Monthly Annual
Gross Rents $24,575 $294,900 Taxes $1,522 $18,267Insurance $300 $3,600
Pet Rent $250 $3,000 Reserves for Replacement $246 $2,949Subtotal $24,825 $297,900 Utilities $1,117 $13,400
Landscaping $150 $1,800Average Vacancy (5%) -$1,229 -$14,745 Management $1,475 $17,694Late Fees* $1,229 $14,745 Maintenance / Repairs $492 $5,898Screening Fee Income $40 $480Effective Gross Income $24,865 $298,380 Total Operating Expenses $5,301 $63,608
Per Unit $279 $3,348Percent of EGI 21.32% 21.32%
Net Operating Income $19,564 $234,772
Annual Net Operating Income (NOI $234,772
PROJECTED CAP RATE: 5.59%Purchase/Sales Price of Real Estate Property $4,200,000Late Fees* assumes that half the tenants are paying late fees at 10% the rents.Average Vacancy assumes a potential 5% loss to gross rents throughout the year.
Occupied Units
Square Footage
Rent / Month
Annual Rent
% Annual Rent
Total / AVG
This informaon has been secured from sources we believe to be reliable, but we make no representaons or warranes, expressed or implied, as to the accuracy of theinformaon. References to square footage or age are approximate. Buyer must verify the informaon and bears all risk for any innacuracies. Any projecons, opinions,assumpons, or esmates used herein are for example purposes only and do not represent the current or future performance of the property.
-Each office is independantly owned and operated.-
Darryl BodleTel: (503) 709-4632Fax: (503) 486-5177Email: [email protected]: www.DarrylBodle.com
Unit 106
Unit 107
This informaon has been secured from sources we believe to be reliable, but we make no representaons or warranes, expressed or implied, as to the accuracy of theinformaon. References to square footage or age are approximate. Buyer must verify the informaon and bears all risk for any innacuracies. Any projecons, opinions,assumpons, or esmates used herein are for example purposes only and do not represent the current or future performance of the property.
-Each office is independantly owned and operated.-
Darryl BodleTel: (503) 709-4632Fax: (503) 486-5177Email: [email protected]: www.DarrylBodle.com
Units 201 & 301
Units 202 & 302
This informaon has been secured from sources we believe to be reliable, but we make no representaons or warranes, expressed or implied, as to the accuracy of theinformaon. References to square footage or age are approximate. Buyer must verify the informaon and bears all risk for any innacuracies. Any projecons, opinions,assumpons, or esmates used herein are for example purposes only and do not represent the current or future performance of the property.
-Each office is independantly owned and operated.-
Darryl BodleTel: (503) 709-4632Fax: (503) 486-5177Email: [email protected]: www.DarrylBodle.com
Units 204 & 304
Units 205 & 305