Diversify your investment portfolio in one pkg w/this rare opportunity to own 7 units with; 6 new construction condos + a detached house!New construction units feat high-end quality finishes throughout the light&bright open concept flrpln from the beautiful kitch w/custom cabs,slab counters,SS apps to the neutral tones, tasteful tile &great variety of well performing 0-3 bed units!Detached 2bed home w/basement provides tons of storage&comfortable living! 94 BikeScore/91 WalkScore in hot N PDX!
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Listing ID22390670
Price$1,899,000
StatusActive
SqFt
4,416
CountyMultnomah
SubdivisionCATHEDRAL PARK
Year Built2022
Property TypeMulti Family
County
Multnomah
NAR Contact Info
(503) 709-4632
Property Type
Multi Family
Subdivision
CATHEDRAL PARK
Year Built
2022
Zoning
RM2
Cooling YN
no
Cooling Type
Other
Heating
yes
Heating Type
Zoned
Stories
3
Unit Type
1, 2, 3, 4, 5
Unit Type 1 Area
418
Unit Type 1 Baths Total
1
Unit Type 2 Area
794
Unit Type 2 Baths Total
1
Unit Type 2 Beds Total
3
Unit Type 3 Area
635
Unit Type 3 Baths Total
1
Unit Type 3 Beds Total
1
Unit Type 4 Area
533
Unit Type 4 Baths Total
1
Unit Type 4 Beds Total
1
Unit Type 5 Area
868
Unit Type 5 Baths Total
1
Unit Type 5 Beds Total
2
Attached Garage
no
Fuel Description
Electricity
Lot Features
Corner Lot
Lot Size Range
5, 000 to 6, 999 SqFt
Number Of Units Total
7
Property Condition
New Construction
Roof
Composition
Sewer
Public Sewer
Unit Type 1 Units Total
1
Unit Type 2 Units Total
1
Unit Type 3 Units Total
2
Unit Type 4 Units Total
2
Unit Type 5 Units Total
1
Water Source
Public Water
Country
US
Directions
SW Corner of N Syracuse St and N St Louis Ave
Elementary School
James John
High School
Roosevelt
Middle Or Junior School
George
MLS Area Major
Portland North
Days On Market
746
Green Certification
no
IDX Entire Listing Display YN
yes
Photos Exist YN
yes
Virtual Tour URL Unbranded YN
no
Capitalization Rate
5.27
Current Price For Status
1899000
Gross Income
129262
Gross Rent Multiplier
14.69
Listing Terms
Cash, Conventional
Net Operating Income
100034
Operating Expense
29228
Rent Includes
None
Short Sale YN
no
Tax Year
2021
Unit Type 1 Actual Rent
1145
Unit Type 2 Actual Rent
1795
Unit Type 3 Actual Rent
1425
Unit Type 4 Actual Rent
1425
Unit Type 5 Actual Rent
2195
