Listed by Commercial Integrity, NW
$10,000,000
Astoria Apartments
Details
APN R194040, R194041
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 40,736
Units 68
Cap Rate 5.52%
NOI $551,870
Occupancy 93%
Pro-Forma Cap Rate 7.11%
Pro-Forma NOI $711,321
Price per SqFt $223
Class B
Year Built 1950
Year Renovated 2014
Buildings 5
Stories 2
Acreage 2.990
Zoning Residential Multi-Dwelling 1 (RM-1)
Parking Spaces 65 spaces
Investment Type Value Add
Beautiful, Low-Density Courtyard Design: Adjacent to Rose City Golf Course
Marketing description
Directly across from historic Rose City Golf Course
Two Bedroom, One Bath Floorplans
Within 10 minutes of downtown Portland with convenient access to I-84 Freeway
Complete exterior upgrade in 2013/2014 in addition to interior renovation
Additional significant mechanical systems upgrades from 2020-2025
Proven rent growth w/ additional upside potential
Beautiful courtyard setting, low density product w/ charming mid-century courtyard design
Listing Contacts
Listed by Commercial Integrity, NW
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$551,870.00
$45,989.17/mo
Valuation Metrics
0
DSCR
5.52%
Cap Rate
5.52%
ROI
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