MLS# 24127293 – 1535 N Alberta St, Portland, OR 97217 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Property Description

Description

16 Units

Status: Active

Year Built: 2023

Neighborhood: Overlook

Days on Website: 316

Exquisite modern, new construction 16-unit apartment complex from a quality local builder with a mix of studio (6) + 1 bed units (10) including (2) generously sized common rooms with kitchenette, electric fireplace + extensive windows! Each unit is 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 room round out a few quality amenities. With remarkable proximity, in the heart of popular Overlook Neighborhood, nearby Interstates hot restaurants, shops, parks + transit! Phenomenal 99BikeScore!

Property Details and Features

Income

CAP Rate:

5.21

Gross Income:

$288,000

Gross Rent Multiplier:

13.37

Gross Scheduled Income:

$288,000

Net Operating Income:

$200,712

Net Scheduled Income:

200712

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

10606

Built in 2023

Stories:

Unit Type Type:

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

Community

Community Features:

Commons

Disclosures

Disclosures:

Exempt

Expenses

Operating Expense Scheduled:

73908

Operating Expense:

$73,908

Exterior Features

Exterior Description:

CementSiding

Foundation

Foundation Details:

ConcretePerimeter,Slab

Heating

Heating Available

Heating:

Zoned

Listing

Contract Status Change Date:

2024-01-09

Days On Market:

315

Last Transaction Date:

2024-06-20 10:55:22

List Price:

$3,849,900

Listing Contract Date:

2024-01-09

Listing Id:

24127293

Mls Status:

Active

Modification Timestamp:

2024-08-04 22:15:00

On Market Date:

2024-01-09

Previous List Price:

$3,999,900

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_141

Subdivision Name:

OVERLOOK

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

Property View

Zoning:

CM3

Roof

Roof:

Flat

Schools

High School:

Jefferson

Middle Or Junior School:

Ockley Green

Elementary School:

Beach

Security Features

Features:

FireSprinklerSystem

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$10,751

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,225

Area:

334

Features:

Dishwasher,Microwave,Refrigerator,WasherDryer

Units Total:

1 total bathroom

Unit Two

Actual Rent:

$1,200

Area:

410

Features:

Dishwasher,Microwave,Refrigerator,WasherDryer

Units Total:

1 total bathroom

Unit Three

Actual Rent:

$1,225

Area:

415

Features:

Dishwasher,Microwave,Refrigerator,WasherDryer

Units Total:

1 total bathroom

Unit Four

Actual Rent:

$1,200

Area:

424

Features:

Dishwasher,Microwave,Refrigerator,WasherDryer

Units Total:

1 total bathroom

Unit Five

Actual Rent:

$1,550

Area:

502

Features:

Dishwasher,Microwave,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Six

Actual Rent:

$1,500

Area:

505

Features:

Dishwasher,Microwave,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Seven

Actual Rent:

$1,325

Area:

553

Features:

Dishwasher,Microwave,Refrigerator,WasherDryer

Units Total:

1 total bathroom

Unit Eight

Actual Rent:

$1,563

Area:

606

Features:

Dishwasher,Microwave,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Nine

Actual Rent:

$1,550

Area:

486

Features:

Dishwasher,Microwave,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Ten

Actual Rent:

$1,288

Area:

486

Features:

Dishwasher,Microwave,Refrigerator,WasherDryer

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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1535 N Alberta St Portland , OR 97217

Property Description

Description

Open House

Open House

Property Details and Features

Property Details and Features

Contact an Agent

John Wesley McPherson, Jr., CFA

Location

Street View

Nearby Schools

Recent Sales in the Area

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