Village Green Apartments
SALE
Village Green Apartments 21985 SW Sherwood Blvd., Sherwood, OR 97140
Please visit norris-stevens.com
FEATURES l 25 Units l Great Location across from Sherwood Middle School
621 SW Morrison St., Ste. 800 Portland, OR 97205 503.223.3171 - Ph. / 503.228.2136 - Fx. www.norris-stevens.com
er w oo d
. vd Bl
Norris& Stevens
Tu alat in-She Sherwood rwood Rd. Market Center
h SW S
PRICE: $1,590,240 l Broker-Owned l Please Don’t Disturb Manager
SW
Sherwood Middle School
For More Information or a Property Tour, Please Contact:
Mike Woodley
[email protected] Information contained herein has been obtained from others and considered to be reliable; however, a prospective purchaser or lessee is expected to verify all information to his/her own satisfaction.
Multifamily Income Property Proforma Price:
Village Green
$1,590,240.
Building Name
21985 SW Sherwood Boulevard
Loans:
$1,056,000
Equity:
$534,237
No. Units 25 Per Unit $63,609.00 Cap. Rate 6.75
Address
Sherwood, OR 97140 City/State/Zip
$Cash Out
Down Payment:
Physical Data Studios
1
1 Bedroom
W/D Hook-Ups
No
Pool
No
Year Built
Range/Refrig.
yes
Rec. Room
No
Exterior Type
Yes
Patio/Deck
Yes
Air Cond.
Covered Pkg
No
Heating Type
Uncovered Pkg
Yes
No. Stories
2 Bedrooms
20
Dishw./Disp.
3 Bedrooms
4
Fireplace
4
Other
1972 Alum siding no EBB 2
Monthly Rental Income Summary No. Bedrooms Bath Approx. Sq Ft. 1 16
1 1 1
300 797 806
1.5 1.0
960
2 2
4 2 2
Rent
Studio
3 3
960
Total Monthly Rental SCHEDULED MONTHLY INCOME
450
450
699 799
11,184 3,196
899 899
1798 1798
Parking Income
17,446.00 none
Laundry Income (Estimated) Lease Own Non-Refundable Income (Estimated Average) Miscellaneous Income TOTAL INCOME
$60 $50 $50 17,716
Annual Income Scheduled Gross Annual Income Less: Estimated Vacancy Factor
$17,716 per month x 12 ( 5%)
$212,592 $10,630
Effective Annual Gross Income Estimated Annual Expenses Real Property Taxes
$201,962 10/11
$20,108
Insurance –
2,523
Electricity
3,000
Water/Sewer/Garbage
17,850 / 6,300
Telephone
840
Estimated Fixed Expenses
$49,781
Management – On Site & Landscaping
25,000 / 5,400
Estimated Repairs
4,500
Estimated Decorating
4,140
Replacement Reserves
2%
Advertising
4,040 240
Misc.
1,500
Estimated Total Variable Expenses
Total Annual Expenses [50.28% of Effective Gross] Exp/Unit $4,057 Total Estimated Net Income Before Debt Service
$44,840
Total $94,621 $107,341.
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, tax bracket, and other factors, which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, EXPENSE, AND ALL OTHER INFORMATION CONTAINED HEREIN.
\\nas\docs\Commercial\My Documents\woodley\Village Green Proforma.doc
Physical Information LAND SIZE
1.33 Acres
ASSESSED VALUE - LAND ASSESSED VALUE - IMPROVEMENTS TOTAL ASSESSED VALUE
$ $
$1,022,950
Financing/Terms of Sale Type
Balance
Mo. Payment
Int. Rate
LENDER
Cash out
Miscellaneous Information New low flow toilets, shower heads and faucet aerators installed in 2008. Irrigation system. Broker Owned
For Additional Information, Please Contact:
Mike Woodley [email protected]
Norris & Stevens, Inc. REALTORS
(503) 223-3171 / FAX 228-2136 Broker Owned
\\nas\docs\Commercial\My Documents\woodley\Village Green Proforma.doc
Village Green Apartments 21985 SW Sherwood Blvd., Sherwood, OR 97140
Please visit norris-stevens.com
FEATURES l 25 Units l Great Location across from Sherwood Middle School
621 SW Morrison St., Ste. 800 Portland, OR 97205 503.223.3171 - Ph. / 503.228.2136 - Fx. www.norris-stevens.com
er w oo d
. vd Bl
Norris& Stevens
Tu alat in-She Sherwood rwood Rd. Market Center
h SW S
PRICE: $1,590,240 l Broker-Owned l Please Don’t Disturb Manager
SW
Sherwood Middle School
For More Information or a Property Tour, Please Contact:
Mike Woodley
[email protected] Information contained herein has been obtained from others and considered to be reliable; however, a prospective purchaser or lessee is expected to verify all information to his/her own satisfaction.
Multifamily Income Property Proforma Price:
Village Green
$1,590,240.
Building Name
21985 SW Sherwood Boulevard
Loans:
$1,056,000
Equity:
$534,237
No. Units 25 Per Unit $63,609.00 Cap. Rate 6.75
Address
Sherwood, OR 97140 City/State/Zip
$Cash Out
Down Payment:
Physical Data Studios
1
1 Bedroom
W/D Hook-Ups
No
Pool
No
Year Built
Range/Refrig.
yes
Rec. Room
No
Exterior Type
Yes
Patio/Deck
Yes
Air Cond.
Covered Pkg
No
Heating Type
Uncovered Pkg
Yes
No. Stories
2 Bedrooms
20
Dishw./Disp.
3 Bedrooms
4
Fireplace
4
Other
1972 Alum siding no EBB 2
Monthly Rental Income Summary No. Bedrooms Bath Approx. Sq Ft. 1 16
1 1 1
300 797 806
1.5 1.0
960
2 2
4 2 2
Rent
Studio
3 3
960
Total Monthly Rental SCHEDULED MONTHLY INCOME
450
450
699 799
11,184 3,196
899 899
1798 1798
Parking Income
17,446.00 none
Laundry Income (Estimated) Lease Own Non-Refundable Income (Estimated Average) Miscellaneous Income TOTAL INCOME
$60 $50 $50 17,716
Annual Income Scheduled Gross Annual Income Less: Estimated Vacancy Factor
$17,716 per month x 12 ( 5%)
$212,592 $10,630
Effective Annual Gross Income Estimated Annual Expenses Real Property Taxes
$201,962 10/11
$20,108
Insurance –
2,523
Electricity
3,000
Water/Sewer/Garbage
17,850 / 6,300
Telephone
840
Estimated Fixed Expenses
$49,781
Management – On Site & Landscaping
25,000 / 5,400
Estimated Repairs
4,500
Estimated Decorating
4,140
Replacement Reserves
2%
Advertising
4,040 240
Misc.
1,500
Estimated Total Variable Expenses
Total Annual Expenses [50.28% of Effective Gross] Exp/Unit $4,057 Total Estimated Net Income Before Debt Service
$44,840
Total $94,621 $107,341.
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, tax bracket, and other factors, which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, EXPENSE, AND ALL OTHER INFORMATION CONTAINED HEREIN.
\\nas\docs\Commercial\My Documents\woodley\Village Green Proforma.doc
Physical Information LAND SIZE
1.33 Acres
ASSESSED VALUE - LAND ASSESSED VALUE - IMPROVEMENTS TOTAL ASSESSED VALUE
$ $
$1,022,950
Financing/Terms of Sale Type
Balance
Mo. Payment
Int. Rate
LENDER
Cash out
Miscellaneous Information New low flow toilets, shower heads and faucet aerators installed in 2008. Irrigation system. Broker Owned
For Additional Information, Please Contact:
Mike Woodley [email protected]
Norris & Stevens, Inc. REALTORS
(503) 223-3171 / FAX 228-2136 Broker Owned
\\nas\docs\Commercial\My Documents\woodley\Village Green Proforma.doc
