MLS# 23575794 – 7562 N Emerald Ave, Portland, OR 97217 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Realty Portland Premiere.

Property Description

Description

22 Units

Status: Active

Year Built: 2023

Neighborhood: Kenton

Days on Website: 681

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 flrplan showcases lofty ceilings,hard surface flring,modern kitchen w/slab cntrs,SS apps,in-unit W/D hkups&designer tones.Thoughtfully designed both inside&out w/patio space,bike parking&tasteful lndscping.99BS&85WS,this Bikers Paradise location puts you in perfect proximity to UofP +great parks,shops&transit!

Property Details and Features

Building

Building Area Total:

18296

Built in 2023

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6

Cooling

Cooling Equipped

Cooling:

HeatPump

Expenses

Operating Expense Scheduled:

120676

Operating Expense:

$120,676

Exterior Features

Exterior Description:

CementSiding

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

5.25

Gross Income:

$462,060

Gross Rent Multiplier:

14.07

Gross Scheduled Income:

$462,060

Net Operating Income:

$341,384

Net Scheduled Income:

341384

Listing

Contract Status Change Date:

2023-02-09

Days On Market:

680

Last Transaction Date:

2024-08-01 16:05:00

List Price:

$6,499,900

Listing Contract Date:

2023-02-09

Listing Id:

23575794

Mls Status:

Active

Modification Timestamp:

2024-08-07 15:00:00

On Market Date:

2023-02-09

Previous List Price:

$7,499,900

Rent Includes:

MaintenanceGrounds,Sewer,Water

Standard Status:

Active

Location

MLS Area Major:

_141

Subdivision Name:

KENTON

County Or Parish:

Multnomah

Lot

Features:

Level

Size Range:

SqFt20000toAcres1

Size:

20,000 SqFt to .99 Acres

Property

Number Of Units Total:

Property Condition:

NewConstruction

Zoning:

RM1

Roof

Roof:

Composition

Schools

High School:

Jefferson

Middle Or Junior School:

Ockley Green

Elementary School:

Peninsula

Second High School:

Roosevelt

Sewer

Sewer:

PublicSewer

Taxes

Legal Description

Unit One

Actual Rent:

$1,995

Area:

836

Features:

AirConditioning,Dishwasher,Microwave,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$1,995

Area:

819

Features:

AirConditioning,Dishwasher,Microwave,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Unit Three

Actual Rent:

$1,995

Area:

834

Features:

AirConditioning,Dishwasher,Microwave,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Unit Four

Actual Rent:

$1,995

Area:

836

Features:

AirConditioning,Dishwasher,Microwave,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Unit Five

Actual Rent:

$1,995

Area:

819

Features:

AirConditioning,Dishwasher,Microwave,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Unit Six

Actual Rent:

$1,995

Area:

834

Features:

AirConditioning,Dishwasher,Microwave,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Utilities

Fuel Description:

Gas

Water Source:

PublicWater

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$6,499,900 - Br/0Ba - for Sale in Kenton, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$6,499,900 -

7562 N Emerald Ave Portland , OR 97217

MLS Area Major: _141

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.