MLS# 24029999 – 3755 S Hood Ave, Portland, OR 97035 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Realty Portland Premiere.

Property Description

Description

18 Units

Status: Active

Year Built: 2024

Neighborhood: South Portland

Days on Website: 68

Invest in your future with this exceptional opportunity to acquire an impressive new 18-unit apartment building crafted by a trusted local builder. Located in the vibrant South Waterfront district, this property offers unparalleled access to Portland's finest dining, coffee shops, and is just moments from downtown and OHSU. Each unit is meticulously designed with high-end finishes and boasts tall ceilings and an open floor plan that bathes the interiors in natural light. Designer tones complement the stylish aesthetic, and select units feature coveted covered patios or balconies for outdoor enjoyment. Inside, custom cabinetry, stainless-steel appliances, and convenient stackable washer/dryer units ensure modern comfort and convenience. Residents will appreciate additional amenities such as bike storage and a dedicated trash area, enhancing the appeal of this prime investment opportunity. With a 1-year builder warranty included for peace of mind, this property represents a secure and attractive addition to any investment portfolio. Don't miss out on this chance to own a premier apartment complex in one of Portland's most sought-after locations.

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

9695

Built in 2024

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType10,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6,UnitTypeType7,UnitTypeType8,UnitTypeType9

Cooling

Cooling Equipped

Cooling:

MiniSplit

Expenses

Operating Expense:

$76,997

Exterior Features

Exterior Description:

CementSiding

Foundation

Foundation Details:

Slab

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

5.18

Gross Income:

$284,022

Gross Rent Multiplier:

14.08

Net Operating Income:

$207,025

Listing

Contract Status Change Date:

2024-06-27

Days On Market:

Last Transaction Date:

2024-06-28 13:03:44

List Price:

$3,999,900

Listing Contract Date:

2024-06-27

Listing Id:

24029999

Mls Status:

Active

Modification Timestamp:

2024-08-06 13:00:01

On Market Date:

2024-06-27

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_148

Subdivision Name:

SOUTH PORTLAND

County Or Parish:

Multnomah

Lot

Features:

CornerLot

Size Acres:

0.11

Size Dimensions:

100' x 50'

Size Range:

SqFt5000to6999

Size Square Feet:

4,791

Size:

5,000 to 6,999 SqFt

Property

Number Of Units Total:

Property Condition:

NewConstruction

Property View

Zoning:

RM3

Roof

Roof:

Metal

Schools

High School:

Ida B Wells

Middle Or Junior School:

Jackson

Elementary School:

Capitol Hill

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$13,543

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$950

Area:

245

Features:

Dishwasher,Microwave,Range,WasherDryer

Units Total:

1 total bathroom

Unit Two

Actual Rent:

$975

Area:

285

Features:

Dishwasher,Microwave,Range,WasherDryer

Units Total:

1 total bathroom

Unit Three

Actual Rent:

$995

Area:

315

Features:

Dishwasher,Microwave,Range,WasherDryer

Units Total:

1 total bathroom

Unit Four

Actual Rent:

$1,095

Area:

385

Features:

Dishwasher,Microwave,Range,WasherDryer

Units Total:

1 total bathroom

Unit Five

Actual Rent:

$1,495

Area:

420

Features:

Dishwasher,Microwave,Range,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Six

Actual Rent:

$1,295

Area:

454

Features:

Dishwasher,Microwave,Range,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Seven

Actual Rent:

$1,650

Area:

485

Features:

Dishwasher,Microwave,Range,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Eight

Actual Rent:

$1,625

Area:

548

Features:

Dishwasher,Microwave,Range,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Nine

Actual Rent:

$1,695

Area:

575

Features:

Dishwasher,Microwave,Range,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Ten

Actual Rent:

$1,795

Area:

656

Features:

Dishwasher,Microwave,Range,WasherDryer

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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$3,999,900 - Br/0Ba - for Sale in South Portland, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$3,999,900 -

3755 S Hood Ave Portland , OR 97035

MLS Area Major: _148

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on September 7, 2024 1:51PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.