MLS# 23600180 – 10985 E Burnside St, Portland, OR 97216 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Realty Portland Premiere.

Property Description

Description

29 Units

Status: Active

Year Built: 2023

Neighborhood: Hazelwood

Days on Website: 491

Stunning + modern new construction 29-unit apartment complex from a quality local builder! Trendy, studio floor plans showcase elevated designs + finishes with tall ceilings, SS appliances, W/D hookups, AC + indoor bike storage! Situated in the desirable Hazelwood neighborhood, the 91 Bikescore says it all with amazing proximity to Mall 205 + Adventist Health plus nearby transit, shopping, restaurants, multiple parks, schools and freeway access!

Property Details and Features

Building

Building Area Total:

12705

Built in 2023

Unit Type Type:

UnitTypeType1

Expenses

Operating Expense Scheduled:

93440

Operating Expense:

$93,440

Exterior Features

Exterior Description:

CementSiding

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

6.39

Gross Income:

$349,200

Gross Rent Multiplier:

11.45

Gross Scheduled Income:

$349,200

Net Operating Income:

$255,760

Net Scheduled Income:

255760

Listing

Contract Status Change Date:

2023-07-18

Days On Market:

490

Last Transaction Date:

2024-06-20 11:03:51

List Price:

$3,999,900

Listing Contract Date:

2023-07-18

Listing Id:

23600180

Mls Status:

Active

Modification Timestamp:

2024-11-07 10:20:50

On Market Date:

2023-07-18

Previous List Price:

$4,499,900

Rent Includes:

MaintenanceGrounds

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

HAZELWOOD

County Or Parish:

Multnomah

Lot

Features:

Level

Size Range:

SqFt10000to14999

Size:

10,000 to 14,999 SqFt

Property

Number Of Units Total:

Property Condition:

UnderConstruction

Property View

Zoning:

RM1

Schools

High School:

David Douglas

Middle Or Junior School:

Floyd Light

Elementary School:

Ventura Park

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,518

Legal Description

Tax Year:

2022

Unit One

Actual Rent:

$1,050

Area:

438

Features:

Dishwasher,Disposal,Range,WasherDryerHookup

Units Total:

1 total bathroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$3,999,900 -

10985 E Burnside St Portland , OR 97216

MLS Area Major: _142

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 20, 2024 12:46PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.