MLS# 23394419 – 6115 Ne Multnomah St, Portland, OR 97213 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Realty Portland Premiere.

Property Description

Description

15 Units

Status: Active

Year Built: 2023

Neighborhood: Rose City Park

Days on Website: 410

FULLY LEASED! Bolster your investment portfolio with this phenomenal opportunity to own an exquisite, new construction 15-unit apartment complex from a quality local builder. Nestled near NEs hotspots, including the vibrant Hollywood district, charming Laurelhurst + Providence Medical, youll have everything you need at your doorstep with this sweet Rose City Park location! High-end finishes grace each space of these expertly crafted units which feature tall ceilings + an open concept floor plan bringing an abundance of natural light with designer tones + coveted covered patios / balcony spaces! These 1 bedroom units boast a spacious floor plan with room for a King bed while bathroom features a tub! Custom cabinetry, desirable stainless-steel appliances, stackable W/D + AC finish out the interior! Bike storage with electrical bike hookups + enclosed trash area round out a few other notable items plus 1-year builder warranty with peace of mind + 15-year new construction rent-control exemption!

Property Details and Features

Building

Building Area Total:

7497

Built in 2023

Unit Type Type:

UnitTypeType1

Cooling

Cooling Equipped

Cooling:

HeatPump

Expenses

Operating Expense Scheduled:

68595

Operating Expense:

$68,595

Exterior Features

Exterior Description:

CementSiding,LapSiding

Heating

Heating Available

Heating:

MiniSplit

Income

CAP Rate:

6.62

Gross Income:

$250,650

Gross Rent Multiplier:

10.97

Gross Scheduled Income:

$250,650

Net Operating Income:

$182,055

Net Scheduled Income:

182055

Listing

Contract Status Change Date:

2023-11-01

Days On Market:

415

Last Transaction Date:

2024-11-15 16:24:15

List Price:

$2,749,900

Listing Contract Date:

2023-11-01

Listing Id:

23394419

Mls Status:

Active

Modification Timestamp:

2024-11-15 16:24:15

On Market Date:

2023-11-01

Previous List Price:

$2,849,900

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

ROSE CITY PARK

County Or Parish:

Multnomah

Lot

Features:

Level

Size Range:

SqFt5000to6999

Size:

5,000 to 6,999 SqFt

Property

Number Of Units Total:

Property Condition:

NewConstruction

Zoning:

RM2

Schools

High School:

Leodis McDaniel

Middle Or Junior School:

Roseway Heights

Elementary School:

Rose City Park

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$658

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,350

Area:

500

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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$2,749,900 - Br/0Ba - for Sale in Rose City Park, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$2,749,900 -

6115 Ne Multnomah St Portland , OR 97213

MLS Area Major: _142

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on December 20, 2024 11:49PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.