Bolster your investment portfolio with this phenomenal opportunity to own an exquisite, new construction 15-unit apartment complex from a quality local builder. Nestled near NEs hotspots, including the vibrant Hollywood district, charming Laurelhurst + Providence Medical, youll have everything you need at your doorstep with this sweet Rose City Park location! High-end finishes grace each space of these expertly crafted units which feature tall ceilings + an open concept floor plan bringing an abundance of natural light with designer tones + coveted covered patios / balcony spaces! These 1 bedroom units boast a spacious floor plan with room for a King bed while bathroom features a tub! Custom cabinetry, desirable stainless-steel appliances, stackable W/D + AC finish out the interior! Bike storage with electrical bike hookups + enclosed trash area round out a few other notable items plus 1-year builder warranty with peace of mind + 15-year new construction rent-control exemption!
Property Features
Bedrooms
Heating and Cooling
- Cooling Features: HeatPump
- Heating Features: MiniSplit
- Heating: Yes
- Water Heaters: Electricity
Bathrooms
Land Info
School Information
- Elementary School: Rose City Park
- High School: Leodis McDaniel
- Middle School: Roseway Heights
Rental Info
Multi-Unit Info
- Number of Units: 15
- Unit Type: UnitTypeType1
- Bedrooms in Unit-1: 1
- Total Bathrooms in Unit-1: 1
Other Property Info
- LotSizeRange: SqFt5000to6999
- Annual Tax Amount: 657.6799999999
- Source Listing Status: Active
- County: Multnomah
- Cap Rate: 6.17
- Directions: NE 60th Ave, E on NE Multnomah St
- Tax Year: 2023
- Source Property Type: MultiFamily
- Source Neighborhood: ROSE CITY PARK
- Parcel Number: R279260
- Subdivision: ROSE CITY PARK
- Zoning: RM2
- Source System Name: C2C
Commercial Info
- Net Operating Income: 182055
- Operating Expense: 68595
Building and Construction
- Year Built: 2023
- Building Area Total: 7497
- Building Exterior Type: CementSiding, LapSiding
- New Construction: Yes
- Property Age: 1
- Property Condition: NewConstruction
Utilities
- Sewer: PublicSewer
- Water Source: PublicWater