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Apartments - 22 units : 4 Buildings
Multifamily | 22 Units | 4 buildings
Listing Contacts
License: OR 199910100, RB22635, NV S.187361, 25965, 199910100
Active
Asking Price: $6,499,900
Address
7582 N Emerald Ave, Portland, OR 97217
Show on MapDate Added
Nov 12, 2021
Days on Market
1222 days
Time Since Last Update
27 days
Details
Property TypeMultifamily
SubtypeStudent Housing, Single Family Rental Portfolio, Apartment Building
Square Footage18,296
Net Rentable (sq ft)18,296
Cap Rate5.40%
NOI$351,234
Units22
Beds44
Year Built2022
Buildings4
Stories2
Lot Size (sq ft)20,000
Broker Co-OpYes
Marketing Description
This close-in, hot North PDX location features a unique opportunity to invest in 22, new construction 2 bed/1.5 bath units of superior quality construction & finishes. Trendy, open concept floor plan showcases lofty ceilings, hard surface flooring, modern kitchen w/slab counters, SS appliances, in-unit W/D & designer tones. Thoughtfully designed both inside & out with private fenced backyard spaces, bike parking & tasteful landscaping. 99BS & 85WS, this Biker's Paradise location puts you in perfect proximity to University of Portland + great parks, shops & transit!
Walk-Through Videos:
Unit 1 : https://youtu.be/xELV8eEHk1Q
Unit 2 : https://youtu.be/o02bIsmDd68
Unit 3 : https://youtu.be/ikRzxVOOOlo
Investment Highlights
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superior quality finishes & design
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(22) Twenty-Two : 2 story - 2 bed/1.5 bath units
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819-836 SF units
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Private, fenced backyard spaces
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2 buildings
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99BS & 85WS
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New construction
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Builder warranty
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15-year rent control exemption available
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$351,234.00
$29,269.50/mo
Valuation Metrics
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0
DSCR
5.4%
Cap Rate
5.4%
ROI
Property History
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Due Diligence
Listing Contacts
- License: OR 199910100, RB22635, NV S.187361, 25965, 199910100
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