12 new construction units well priced under $2.5M - 8-Two Bedrooms and 4-One Bedroom Apartments (Finished Oct. 2023) This is a multifamily development with elegance and convenience catering to the modern urban lifestyle. Features include hard surface floors, large windows for natural light, high ceilings, stainless appliances, custom cabinetry, quartz countertops, and in-unit washer/dryer. These units also all feature built-in AC ports for quick setup in the warmer seasons. Located with easy access to Foster, Lents, Woodstock or I-205, our community puts you minutes away from coffee shops, restaurants, bars, gyms, and shops, including New Seasons and SF International Market for your grocery needs. Savor local cuisine from Delta Cafe, Heart Coffee, 808 Grill, Flip Side Bar & Carts, The Heist Food Carts, and Bella's Italian Bakery & Coffee. With dedicated bike room storage and a secure gated community setting, this new-construction multifamily is a low maintenance, quality investment on a fully improved property.
Property Features
Bedrooms
Bathrooms
Heating and Cooling
- Heating Features: ForcedAir, WallHeater
- Heating: Yes
Land Info
- Lot Description: Gated, Level, PublicRoad
- Lot Size Acres: 0.0899908
- Lot Size Square Feet: 3920
Exterior and Lot Features
Garage and Parking
- Parking Features: OnStreet
Home Features
- View: Territorial
- Security Features: FireSprinklerSystem, SecurityGate, SecurityLights, Sidewalk
School Information
- Elementary School: Woodmere
- High School: Franklin
- Middle School: Lane
Rental Info
- Gross Income: 221232
- Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water
Multi-Unit Info
- Number of Units: 12
- Unit Type: UnitTypeType1, UnitTypeType2
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
Other Property Info
- LotSizeRange: SqFt3000to4999
- Annual Tax Amount: 3409.849999999
- Source Listing Status: Active
- County: Multnomah
- Cap Rate: 6.26
- Directions: SE Woodstock to SE 84th, South to property
- Tax Year: 2023
- Source Property Type: MultiFamily
- Parcel Number: R108521
- Zoning: CM2
- Source System Name: C2C
Commercial Info
- Net Operating Income: 149913
- Operating Expense: 60257
Building and Construction
- Year Built: 2023
- Building Area Total: 7889
- Building Exterior Type: BoardBattenSiding, LapSiding
- Foundation Details: ConcretePerimeter
- New Construction: Yes
- Property Age: 1
- Property Condition: NewConstruction
- Roof: Flat
- Levels or Stories: 3
Utilities
- Sewer: PublicSewer
- Water Source: PublicWater