4620 N Maryland Ave, Portland, OR 97217

Savona Apartments, a 24-unit community built in 2018 at 4620 N Maryland Ave, offers a compelling value-add opportunity in one of Portland’s most vibrant neighborhoods. This modern property features tenant friendly 1-bed/1-bath units, in-unit laundry, and immediate access to the lively Mississippi Avenue district. A highlight for investors is an assumable loan with a favorable 3.370% interest-only rate until June 2030. The current monthly monthly payment for interest, taxes, and insurance escrow totals just under $12,900.

With significant room for growth in rents, and new management leaning out expenses, Savona Apartments presents an opportunity for strong cash flows for the next five years while the rents continue to stabilize. The property is fully occupied, please do not disturb tenants.