6712 N MONTANA AVE, Portland, OR 97217

$2,600,000
List Price
$2,600,000
Days on Market
75
MLS#
21000743
Property Type
Multifamily
Lot Size
3, 000 to 4, 999 SqFt
Region
Portland North
Status
Active

Property Description

Built in 2020, The Eleven consists of 11 high-end units located in up & coming neighborhood Arbor Lodge. Developed by Edge Development & designed by an award winning architect, floor plans are spacious, highly efficient & ideal for today's modern renter. 5 1bd /1ba units & 6 large studios. High quality finishes including quartz counter tops, tile backsplash, stainless steel energy efficient appliances, washer/dryer in every unit. Exempt from Oregon's statewide rent control for the next 14 years.

Additional Information

Tax Amount
$24,750
Year Built
2020
High School
Jefferson
Elementary School
Chief Joseph
Middle School
Ockley Green
Stories
3
Subdivision
Arbor Lodge
Terms
Cash, Conventional
Fuel Description
Electricity
Heating Description
Zoned
Hot Water Description
Electricity
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
7176
Capitalization Rate
4.52
Operating Expenses Actual
51982
Gross Income Actual
169800
Gross Rent Multiplier
15.31
Net Income Actual
117488
Number Of Units Total
11
Unit Type One Baths Total
1
Unit Type One Rent
1367
Unit Type One Sq Ft
443
Unit Type One Units Total
6
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
1320
Unit Type Two Sq Ft
530
Unit Type Two Units Total
5

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of City and State Real Estate.

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