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25780765
25780788

3727 South Hood Avenue, Portland, OR 97239

DB
199910100, 25965 (+3)
Keller Williams Realty Portland Premiere
Keller Williams Realty Portland Premiere
Listed by Keller Williams Realty Portland Premiere
$3,499,900
307 days on market
Updated 43 days ago

Hood Residences | Boutique 18 Unit Apartment Community

Details
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Square Footage 9,695
Units 18
Cap Rate 5.42%
Pro-Forma Cap Rate 5.62%
Pro-Forma NOI $196,712
Class A
Year Built 2023
Stories 4
Zoning RM3

Multifamily | 5.42% CAP | 18 Units

Marketing description

Invest in your future with this exceptional opportunity to acquire an impressive new 18-unit apartment building crafted by a trusted local builder. Located in the vibrant South Waterfront district, this property offers unparalleled access to Portland's finest dining, coffee shops, and is just moments from downtown and OHSU. Each unit is meticulously designed with high-end finishes and boasts tall ceilings and an open floor plan that bathes the interiors in natural light. Designer tones complement the stylish aesthetic, and select units feature coveted covered patios or balconies for outdoor enjoyment. Inside, custom cabinetry, stainless-steel appliances, and convenient stackable washer/dryer units ensure modern comfort and convenience. Residents will appreciate additional amenities such as bike storage and a dedicated trash area, enhancing the appeal of this prime investment opportunity. Don't miss out on this chance to own a premier apartment complex in one of Portland's most sought-after locations.

Investment highlights

  • 2023 Construction | Low Maintenance Asset
  • 18 Unit Apartment Community | 100% Occupied
  • Two Units Operating as Short Term Rentals (~$2,300/mo each)
  • Diverse Unit Mix | Studios & 1 Bedroom Units
  • Modern Systems Minimizing Deferred Maintenance
  • Located in High Demand South Portland Rental Submarket
  • Strong In Place Income with Upside Potential

Listing Contacts

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

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