MARC ROGERS / 503-703-0964 / MARC@MARCROGERSINC.COM 1

Colonial Heights Six-Plex

2121 – 2127 SE Caruthers St, Portland, OR 97214 Side by Side Tri-Plexes – 6 Units Total

Exclusively Listed by

Township Properties ● 4122 NE Broadway ● Portland, OR 97232 Marc Rogers 503.703.0964

marc@marcrogersinc.com

Kathy Rogers 503.704.9173

kathy@marcrogersinc.com

marcrogersinc.com

MARC ROGERS / 503-703-0964 / MARC@MARCROGERSINC.COM 2

Classic Vintage Six-plex! The property consists of two side-by-side triplexes on separate tax

lots, offered for sale together as a 6-Unit. These wonderful vintage

buildings are full of all the charm and character that Portlanders love!

The units have period detailing throughout, including hardwood

floors, built-ins, coved doorways, French doors and tile kitchen

counters. All units have 1 bedroom, 1 bathroom & full basements.

The property is ideally located between Hawthorne and Division, just

east of Ladd’s Addition, in the Colonial Heights area of the Hosford-

Abernethy neighborhood. It is a short walk to the shops, restaurants,

bars and coffee shops on Hawthorne, Division and Clinton. It is a 14

minute walk from the MAX Orange Line at the Clinton St/SE 12th Ave

MAX Station stop, and about a mile and a half into downtown

Portland across the Hawthorne or Ross Island Bridges. Car sharing is

available from Getaround, Zipcar and RelayRides. With a walk score

of 93 and Bike score of 100, the property is ideal for the urban renter.

PROPERTY OVERVIEW 2121-2127 SE Caruthers St

PORTLAND, OR 97214

Price $1,400,000

Total Units 6

Year Built 1927

Square Feet 6,192

Unit Types 1BD/1BA

Annual Rents (Current)

Annual Rents (Market)

$900

$72,475

$72,475 19.3 GRM

$90,000 15.5 GRM

Price Per SF

$226

Lot Size 5,000 SF Each $10,000 SF Total

Zoning R1

MARC ROGERS / 503-703-0964 / MARC@MARCROGERSINC.COM 3

HOSFORD-ABERNETHY NEIGHBORHOOD The Hosford-Abernethy neighborhood (parts of which are also known as Hawthorne, Clinton or Division Neighborhoods), is located in Southeast Portland. It is bordered on the west by the Willamette River and on the north by Hawthorne Street, known as the popular Hawthorne District. It's just a hop, skip and a jump to downtown Portland by bus, bike or car.

The property is about a quarter mile from the historic Clinton Street Theater, at the corner of SE 26th and Clinton, a venerable Portland institution, where you may watch independent films and revivals, or take in The Rocky Horror Picture Show at midnight every Saturday. When Portlanders speak of Clinton Street, they're likely talking about this intersection. Here's where you'll find Broder, which offers Swedish dining at its finest, Savoy Tavern, Clinton Street Pub, Dot's Cafe, Noho's Hawaiian Cafe and Sub Rosa. It's obviously a conspiracy, they just don't want you to leave this corner.

LOCATION OVERVIEW

2121-2127 SE Caruthers St

PORTLAND, OR 97214

• Easy Access to Downtown

• Walk Score of 93

• Bike Score of 100

• Walk to Shops & Restaurants on Hawthorne, Clinton & Division

• Great mix of vintage properties & urban development

• Highly desirable neighborhood

• Popular Rental Area

• Surrounded by other popular neighborhoods

MARC ROGERS / 503-703-0964 / MARC@MARCROGERSINC.COM 4

INTERNAL PICTURES

MARC ROGERS / 503-703-0964 / MARC@MARCROGERSINC.COM 5

Investment Summary

Asking Price $1,400,000

# Units 6

Year Built 1928

Bldg. Sq. Ft. 6,192

Price Per Unit $233,333

Price Per Sq. Ft. $226

Annual Expenses

Property Taxes $13,558

Insurance $2,148

Water / Sewer $5,367

Garbage $2,402

Maintenance & Repairs $10,204

Grounds Maintenance $3,456

$37,135

Rent Schedule

Unit Type

Move-In

Date

Security

Deposit

Current

Monthly

Rent

Turnover

Market

Rent

2121 SE Caruthers:

1 1BD/1BA 8/18/10 $600 $915 $1,250

2 1BD/1BA 11/17/16 $600 $1,095 $1,250

3 1BD/1BA 3/14/16 $600 $1,095 $1,250

2127 SE Caruthers:

4 1BD/1BA 5/11/16 $600 $1,095 $1,250

5 1BD/1BA 11/12/07 $600 $915 $1,250

6 1BD/1BA 6/30/12 $600 $925 $1,250

Total: $3,600 $6,040 $7,500

FINANCIAL OVERVIEW