Exquisite, modern NEW 6-unit apartment complex from quality local builder with 1 bed + 2 bed units in vibrant Arbor Lodge! Thoughtfully designed + flooding with light this impeccable open concept plex boasts high-end features, tall ceilings + neutral designer tones! Quality can be seen with a custom kitchen featuring gorgeous tilework, slab counters, SS appliances, expansive windows + doors out to a privately fenced backyard with patio! Bolster your investment portfolio with amazing quality + peace of mind + 1-year Builder Warranty! Phenomenal 92Bikescore, just blocks to restaurants, parks, shops + transit! Can be purchased as a package with identical building next-door.
Property Features
Bedrooms
Bathrooms
Heating and Cooling
- Heating Features: Zoned
- Heating Fuel: Electricity
- Heating: Yes
Land Info
Exterior and Lot Features
School Information
- Elementary School: Chief Joseph
- High School: Jefferson
- Middle School: Ockley Green
Rental Info
- Gross Income: 107850
- Gross Scheduled Income: 107850
Multi-Unit Info
- Number of Units: 6
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 1
- Bedrooms in Unit-4: 1
- Total Bathrooms in Unit-1: 2
- Total Bathrooms in Unit-2: 2
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Unit-1 Description: Dishwasher, Microwave, Range
- Unit-2 Description: Dishwasher, Microwave, Range
- Unit-3 Description: Dishwasher, Microwave, Range
- Unit-4 Description: Dishwasher, Microwave, Range
- Unit-1 Square Feet: 911
- Unit-2 Square Feet: 851
- Unit-3 Square Feet: 506
- Unit-4 Square Feet: 506
- Unit 1 Total Actual Rent: 1825
- Unit 2 Total Actual Rent: 1775
- Unit 3 Total Actual Rent: 1375
- Unit 4 Total Actual Rent: 1375
Other Property Info
- LotSizeRange: SqFt3000to4999
- Annual Tax Amount: 7893.96
- Source Listing Status: Active
- County: Multnomah
- Cap Rate: 5.14
- Directions: N Saratoga St, S on N Montana Ave
- Tax Year: 2023
- Source Property Type: MultiFamily
- Area: _141
- Source Neighborhood: ARBOR LODGE
- Parcel Number: R171819
- Subdivision: ARBOR LODGE
- Zoning: RM3d
- Source System Name: C2C
Commercial Info
- Net Operating Income: 82219
- Operating Expense: 25631
Building and Construction
- Year Built: 2023
- Building Area Total: 3774
- Building Exterior Type: CementSiding, LapSiding
- Foundation Details: ConcretePerimeter, Slab
- New Construction: Yes
- Property Age: 2
- Property Condition: NewConstruction
- Roof: Flat
- Levels or Stories: 2
Utilities
- Sewer: PublicSewer
- Water Source: PublicWater
