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20PLEX I 4738 SE Belmont St
BELMONT NEIGHBORHOOD I New Construction Mix Use : 19 Apartments / 1 Retail Space
Listing Contacts
License: OR 199910100, RB22635, NV S.187361, 25965, 199910100
Active
Asking Price: $4,999,800
Address
4738 SE Belmont St, Portland, OR 97215
Show on MapDate Added
Oct 25, 2022
Days on Market
873 days
Time Since Last Update
4 days
Details
Property TypeMixed Use, Multifamily
SubtypeApartment Building, Single Family Rental Portfolio
Investment TypeStabilized
Lease TypeNNN
Square Footage9,690
Net Rentable (sq ft)9,690
Price/Sq Ft$515.98
Cap Rate5.61%
NOI$280,305
Units20
Year Built2022
Buildings1
Stories3
Lot Size (sq ft)5,000 - 6,999
Broker Co-OpYes
Ownershipfee-simple
Marketing Description
Exquisite modern, new construction 20-unit apt complex from a quality local builder with a mix of studio + 1 bed units including a generous 1,124 sf Retail Space that presents a perfect canvas that can be tailored to suit a wide range of ventures. Expertly crafted featuring expansive ceilings + open concept floor plan bringing an abundance of natural light with designer finishes + colors! Sleek custom cabinetry, desirable SS appliances + in-unit W/D + bike rack round out a few quality amenities. With remarkable proximity, in the heart of Belmont and just 0.6 miles to iconic Laurelhurst Park and blocks to Hawthornes vibrant shops + restaurants!
Virtual Tour 1 : https://www.youtube.com/watch?v=NZRtNeHhnU0&feature=youtu.be
Virtual Tour 2 : https://www.youtube.com/watch?v=bATCXhXuEf8
Virtual Tour 3 : https://www.youtube.com/watch?v=ck58ydWoygc
Investment Highlights
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New Construction with superior quality finishes & design
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(19) Apartments : (15) 0bed/1bath units + (4) 1bed/1bat units
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(1) Retail Space (NNN) : 1,124 SF
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Builder warranty
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15-year rent control exemption available
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97 BikeScore/ 89 WalkScore
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$280,305.00
$23,358.75/mo
Valuation Metrics
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0
DSCR
5.61%
Cap Rate
5.61%
ROI
Property History
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Due Diligence
Listing Contacts
- License: OR 199910100, RB22635, NV S.187361, 25965, 199910100
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