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NEW NORTH TABOR 15PLEX - 232 NE 61ST AVE

FULLY LEASED WITH GREAT MIX OF UNITS!

Listing Contacts

Active

Asking Price: $3,999,900
Address 

232 NE 61st Ave, Portland, OR 97213

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Date Added
Feb 20, 2024
Days on Market
391 days
Time Since Last Update
12 days

Details

Property TypeMultifamily
SubtypeApartment Building, Single Family Rental Portfolio, Student Housing
Square Footage12,240
Price/Sq Ft$326.79
Cap Rate5.45%
NOI$217,993
Units15
Beds24
Year Built2024
Buildings1
Stories3
Lot Size (sq ft)5,000 - 6,999
Broker Co-OpYes
Price/Unit$266,660

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 1-year builder warranty with peace of mind + 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 be + 2 bed units further diversifying your investment portfolio.

Valuation Calculator

Valuation Calculator

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

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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