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17500839
17500838

232 NE 61st Ave, Portland, OR 97213

DB
199910100, 25965 (+3)
Keller Williams Realty Portland Premiere
Listed by Keller Williams Realty Portland Premiere
$3,999,900
845 days on market
Updated 29 days ago

NEW NORTH TABOR 15PLEX - 232 NE 61ST AVE

Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio (+1)
Square Footage 12,240
Units 15
Beds 24
Cap Rate 5.45%
NOI $217,993
Occupancy 100%
Price per SqFt $327
Broker Co-Op Yes
Year Built 2024
Buildings 1
Stories 3
Acreage 0.150
Investment Type Stabilized
Ground Lease No

FULLY LEASED WITH GREAT MIX OF UNITS!

Marketing description

FULLY LEASED! Bolster your investment portfolio with this phenomenal opportunity to own an exquisite, new construction 15-unit apartment complex from a quality local builder. Nestled in NE’s hotspot of North Tabor this location will have everything you need at your doorstep! High-end, modern finishes grace each space of these expertly crafted units which feature tall ceilings + an open concept floor plan bringing an abundance of natural light with designer tones! With a mix of 1 be + 2 bed units further diversifying your investment portfolio. Custom cabinetry, desirable stainless-steel appliances + stackable W/D finish out the interior! Indoor bike storage + enclosed trash area round out a few other notable items plus 15-year new construction rent-control exemption!.

Unit 101 : https://www.youtube.com/watch?v=EV940YNgQaw&feature=youtu.be

Unit 105 : https://www.youtube.com/watch?v=QaaF7aGoI9s

Unit 303 : https://www.youtube.com/watch?v=8xVcPQ2-ei0

Investment highlights

  • 15 new construction units!

  • (9) 2 bedroom / 1 bath units

  • (6) 1 bedroom / 1 bath units

  • Nestled in NE’s hotspot of North Tabor this location will have everything you need at your doorstep!

  • High-end, modern finishes grace each space of these expertly crafted units which feature tall ceilings + an open concept floor plan bringing an abundance of natural light with designer tones!

  • Indoor bike storage + enclosed trash area

  • With a mix of 1 bed + 2 bed units further diversifying your investment portfolio.

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
$217,993.00
$18,166.08/mo

Valuation Metrics

0
DSCR
5.45%
Cap Rate
5.45%
ROI

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