MLS# 24452518 – 7424 N Saint Louis Ave, Portland, OR 97203 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of RealtyNET, LLC.

Property Description

Description

12 Units

Status: Pending

Year Built: 2020

Days on Website: 59

Introducing North Louie Apartments, a contemporary living experience in the vibrant St. Johns neighborhood. Built in 2020, this 12-unit apartment community offers a range of modern studio, one-, and two-bedroom units boasting desirable amenities such as stainless steel appliances, quartz countertops, and wood vinyl flooring. Each unit features large windows, air conditioning, and an in-unit washer/dryer for added convenience. Beyond the individual units, residents enjoy access to community amenities including a dedicated dog and bike washing area, bike storage facilities, and secured entry for peace of mind. Situated within a neighborhood setting, the North Louie Apartments provide a seamless blend of urban convenience and natural tranquility. Just minutes from the bustling dining, retail, and entertainment scene of central St. Johns, and a stone?s throw from picturesque Cathedral Park, residents have easy access to everything the area has to offer. Moreover, with Forest Park just across the iconic St. Johns Bridge, outdoor enthusiasts can explore miles of scenic trails right on their doorstep.

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

7665

Built in 2020

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Expenses

Operating Expense Scheduled:

68558

Operating Expense:

$68,558

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

Slab

Heating

Heating Available

Heating:

MiniSplit

Income

CAP Rate:

Gross Income:

$177,024

Gross Rent Multiplier:

11.01

Gross Scheduled Income:

$177,024

Net Operating Income:

$116,913

Net Scheduled Income:

116913

Listing

Contract Status Change Date:

2024-08-30

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-08-30 09:46:54

List Price:

$1,949,000

Listing Contract Date:

2024-07-10

Listing Id:

24452518

Mls Status:

Pending

Modification Timestamp:

2024-08-30 09:46:54

Off Market Date:

2024-08-30

On Market Date:

2024-07-10

Purchase Contract Date:

2024-08-30

Rent Includes:

Sewer,Water

Standard Status:

Pending

Location

MLS Area Major:

_141

County Or Parish:

Multnomah

Lot

Size Acres:

0.1

Size Range:

SqFt3000to4999

Size Square Feet:

4,356

Size:

3,000 to 4,999 SqFt

Parking

Features:

None

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Property Condition:

NewConstruction

Zoning:

TBD

Roof

Roof:

Shingle

Schools

High School:

Roosevelt

Middle Or Junior School:

George

Elementary School:

James John

Security Features

Features:

Entry,FireSprinklerSystem,IntercomEntry

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$23,700

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,099

Area:

442

Features:

WasherDryer

Units Total:

1 total bathroom

Unit Two

Actual Rent:

$1,148

Area:

648

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$1,650

Area:

771

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,949,000 -

7424 N Saint Louis Ave Portland , OR 97203

MLS Area Major: _141

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.