25200 NW Saint Helens Road #94
Portland, OR
Multi-family for Sale - $1,195,000 - 12 acres
Property Info
CIMLS# | 809399 |
Location 25200 NW Saint Helens Road #94 Portland OR 97231 | |
Updated | February 16th, 2017 |
Type | Multi-family |
Price | $1,195,000 |
Land | 12 acres |
Property Description
Seller will look at any reasonable offer!
This Portland area marina generates income! Most large apartments are returning around 4 to 5% cap rates. But his investment has a cap rate of 8.3% and a gross multiplier of 5.9x.
Your return could be higher if you work there part-time. Currently there is a full time resident manage, plus an outside management company. So whether you are a passive investor or hands-on investor, it deserves your attention.
This is a magnificent setting on the water, only 20 minutes from Portland. A working man