5409 NE ST JOHNS RD, Vancouver, WA 98661

$1,449,500
List Price
$1,449,500
Price Change
▼ $50,000 1655263293
Days on Market
52
MLS#
22094348
Property Type
Multifamily
Lot Size
10, 000 to 14, 999 SqFt
Region
Vancouver: E Hazel Dell / Minnehaha
Status
Active

Property Description

Fantastic investment! A rare opportunity to acquire a mixed use property along Vancouver's NE St. John's Rd. Building boasts 7 residential apartment units PLUS commercial space! No vacancies and all leases are current! NNN commercial lease. High traffic corridor and great exposure. Updated rent role available! 5.64% cap rate. Building has seen updates in 2022. New exterior paint! Plenty of parking. Please do not disturb tenants! Interior inspection with accepted offer.

Additional Information

Tax Amount
$5,375
Year Built
1946
High School
Hudsons Bay
Elementary School
Minnehaha
Middle School
Jason Lee
Stories
2
Subdivision
Minnehaha
Terms
Cash, Conventional
Cooling Description
Central Air
Fuel Description
Electricity
Heating Description
Baseboard
Hot Water Description
Electricity
Exterior Description
Stucco, Wood Siding
Sewer Description
Public Sewer
Water Description
Public Water
Sq Ft Approximate Building Total
5740
Capitalization Rate
5.64
Operating Expenses Actual
22177
Gross Income Actual
103992
Gross Rent Multiplier
13.94
Net Income Actual
81815
Occupancy Types
Leased
Covenants/Restrictions
No
Road Surface
Paved
Number Of Units Total
8
Unit Type One Baths Total
1
Unit Type One Rent
2266
Unit Type One Sq Ft
1580
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
1075
Unit Type Two Sq Ft
840
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
1000
Unit Type Three Sq Ft
700
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
1
Unit Type Four Rent
850
Unit Type Four Sq Ft
520
Unit Type Four Units Total
1
Unit Type Five Baths Total
1
Unit Type Five Rent
825
Unit Type Five Sq Ft
520
Unit Type Five Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Cascade Sothebys International Realty.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2022 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.