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14649843
14649826

1535 N Alberta St, Portland, OR 97217

DB
199910100, 25965 (+3)
Keller Williams Realty Portland Premiere
Listed by Keller Williams Realty Portland Premiere
$3,400,000
876 days on market
Updated 14 days ago

16 UNITS - NEW CONSTRUCTION : 1535 N Alberta St

Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio (+1)
Square Footage 10,606
Units 16
Cap Rate 5.47%
NOI $185,940
Price per SqFt $321
Year Built 2024
Buildings 1
Stories 3

MODERN 16 UNIT W/ 2 COMMON AREA!

Marketing description

Exquisite modern, new construction 16-unit apartment complex from a quality local builder with a mix of studio (6) + 1 bed units (10) including (2) generously sized common rooms with kitchenette, electric fireplace + extensive windows! Each unit is expertly crafted featuring expansive ceilings + open concept floor plan bringing an abundance of natural light with designer finishes + colors! Sleek custom cabinetry, desirable SS appliances + in-unit W/D + bike room round out a few quality amenities. With remarkable proximity, in the heart of popular Overlook Neighborhood, nearby Interstates hot restaurants, shops, parks + transit! Phenomenal 99BikeScore!

VIRTUAL TOUR 1 : https://www.youtube.com/watch?v=EH7WeYS6g70

VIRTUAL TOUR 2 : https://www.youtube.com/watch?v=xKP0nlcSkng

VIRTUAL TOUR 3 : https://www.youtube.com/watch?v=fnaAKCm0YWg

*market rents reflected in pro forma.

Investment highlights

  • (16) New Construction Units : (6) studio + (10) 1 bedroom / 1 bath units

  • (6) Studio : 0 bed / 1 bath ; 334 - 553 sf

  • (10) 1 bed / 1 bath ; 486 sf - 606 sf

  • (2) generously sized common rooms with kitchenette, electric fireplace + extensive window

_______________________________________________________________

  • Modern finishes + design

  • In-Unit Washer/Dryer Hook-Ups

  • 15-year rent control exemption

  • Low maintenance!

  • Desirable Overlook Neighborhood

  • Phenomenal 99BikeScore!

Listing Contacts

DB
199910100, 25965 (+3)
Keller Williams Realty Portland Premiere
Listed by Keller Williams Realty Portland Premiere

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$185,940.00
$15,495.00/mo

Valuation Metrics

0
DSCR
5.47%
Cap Rate
5.47%
ROI

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