This close-in, hot North PDX location features a unique opportunity to invest in 22, new construction 2 bed/1.5 bath units of superior quality construction&finishes.Trendy, open concept flrplan showcases lofty ceilings, hard surface flring, modern kitchen w/slab cntrs, SS apps, in-unit W/D hkups&designer tones.Thoughtfully designed both inside&out w/patio space, bike parking&tasteful lndscping.99BS&85WS, this Bikers Paradise location puts you in perfect proximity to UofP +great parks, shops&transit!
Property Features
Bedrooms
Heating and Cooling
- Cooling Features: HeatPump
- Heating Features: ForcedAir
- Heating Fuel: Gas
- Heating: Yes
Bathrooms
Land Info
School Information
- Elementary School: Peninsula
- High School: Jefferson
- Middle School: Ockley Green
Rental Info
- Gross Income: 462060
- Gross Scheduled Income: 462060
- Rent Includes: MaintenanceGrounds, Sewer, Water
Multi-Unit Info
- Number of Units: 22
- Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 2
- Bedrooms in Unit-4: 2
- Bedrooms in Unit-5: 2
- Bedrooms in Unit-6: 2
- Total Bathrooms in Unit-1: 2
- Total Bathrooms in Unit-2: 2
- Total Bathrooms in Unit-3: 2
- Total Bathrooms in Unit-4: 2
- Total Bathrooms in Unit-5: 2
- Total Bathrooms in Unit-6: 2
Other Property Info
- LotSizeRange: SqFt20000toAcres1
- Source Listing Status: Active
- County: Multnomah
- Cap Rate: 5.25
- Directions: N Lombard St, N on N Emerald Ave
- Source Property Type: MultiFamily
- Source Neighborhood: KENTON
- Parcel Number: New Construction
- Subdivision: KENTON
- Zoning: RM1
- Source System Name: C2C
Commercial Info
- Net Operating Income: 341384
- Operating Expense: 120676
Building and Construction
- Year Built: 2023
- Building Area Total: 18296
- Building Exterior Type: CementSiding
- New Construction: Yes
- Property Age: 1
- Property Condition: NewConstruction
- Roof: Composition
- Levels or Stories: 2
Utilities
- Sewer: PublicSewer
- Water Source: PublicWater