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Cascade Crest
Charming 5 unit in a great location! Priced reduced!
Listing Contacts
BH 
License: OR 951200089
Active
Asking Price: $900,000
Earnest Money Deposit: $25,000 min.
Address
2610-2618 NE Clackamas St, Portland, OR 97232
Show on MapDate Added
Feb 28, 2023
Days on Market
747 days
Time Since Last Update
13 days
Details
Property TypeMultifamily
SubtypeApartment Building
ClassC
Square Footage3,436
Net Rentable (sq ft)3,436
Price/Sq Ft$261.93
Cap Rate6.57%
NOI$59,163
Units5
Year Built1969
Year RenovatedVarious
Buildings1
Stories2
Lot Size (sq ft)5,000
Broker Co-OpYes
Price/Unit$180,000
OwnershipLLC
Marketing Description
Well located 5-unit property built in 1969. 4 one-bedroom units and a 4-bedroom unit with off-street parking. Private Financing available with $500,000 down payment 5.5% interest only for five years.
Laundry in the units and many recent updates to kitchens and bathrooms.
Investment Highlights
Expenses include full management for ease of ownership. Strong upside in rents with the opportunity to raise them significantly in 2025.
Private Financing Available!
Easy property to own and operate. Located on a lovely tree-lined street in a safe area in Portland.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,163.00
$4,930.25/mo
Valuation Metrics
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0
DSCR
6.57%
Cap Rate
6.57%
ROI
Property History
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Due Diligence
Listing Contacts
BH License: OR 951200089
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