Exquisite modern, new construction 16-unit apartment complex from a quality local builder with a mix of studio (6) + 1 bed units (10) including (2) generously sized common rooms with kitchenette, electric fireplace + extensive windows! Each unit is expertly crafted featuring expansive ceilings + open concept floor plan bringing an abundance of natural light with designer finishes + colors! Sleek custom cabinetry, desirable SS appliances + in-unit W/D + bike room round out a few quality amenities. With remarkable proximity, in the heart of popular Overlook Neighborhood, nearby Interstates hot restaurants, shops, parks + transit! Phenomenal 99BikeScore!
Property Features
Bedrooms
Bathrooms
Heating and Cooling
- Heating Features: Zoned
- Heating Fuel: Electricity
- Heating: Yes
Land Info
Exterior and Lot Features
Home Features
- View: City, TreesWoods
- Security Features: FireSprinklerSystem
School Information
- Elementary School: Beach
- High School: Jefferson
- Middle School: Ockley Green
Rental Info
- Gross Income: 288000
- Gross Scheduled Income: 288000
Multi-Unit Info
- Number of Units: 16
- Unit Type: UnitTypeType1, UnitTypeType10, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
- Bedrooms in Unit-5: 1
- Bedrooms in Unit-6: 1
- Bedrooms in Unit-8: 1
- Bedrooms in Unit-9: 1
- Bedrooms in Unit-10: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
- Total Bathrooms in Unit-6: 1
- Total Bathrooms in Unit-7: 1
- Total Bathrooms in Unit-8: 1
- Total Bathrooms in Unit-9: 1
- Total Bathrooms in Unit-10: 1
Amenities and Community Features
- Community Features: Commons
Other Property Info
- LotSizeRange: SqFt5000to6999
- Annual Tax Amount: 10751.04999999
- Source Listing Status: Active
- County: Multnomah
- Cap Rate: 5.21
- Directions: N Interstate Ave, W on N Alberta St
- Tax Year: 2023
- Source Property Type: MultiFamily
- Source Neighborhood: OVERLOOK
- Parcel Number: R257270
- Subdivision: OVERLOOK
- Zoning: CM3
- Source System Name: C2C
Commercial Info
- Net Operating Income: 200712
- Operating Expense: 73908
Building and Construction
- Year Built: 2023
- Building Area Total: 10606
- Building Exterior Type: CementSiding
- Foundation Details: ConcretePerimeter, Slab
- New Construction: Yes
- Property Age: 1
- Property Condition: NewConstruction
- Roof: Flat
- Levels or Stories: 3
Utilities
- Sewer: PublicSewer
- Water Source: PublicWater
