8537 N SAINT LOUIS AVE, Portland, OR 97203

$3,100,000
List Price
$3,100,000
Days on Market
9
MLS#
21113654
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland North
Status
Active

Property Description

Golden Parachute 1031 dream property. Perfect for investors looking for creative way to allocate funds or set up a Real Estate Trust. New 12 unit multifamily in core of St. Johns. 6 Fee Simple Townhomes w/ ADUs. Spacious floorplans w/ private top floor balconies in all 1 & 2 beds. Hard surface finishes, washer/dryer in all, outdoor common area, energy efficient appliances & townhomes separately metered for water, sewer electricity. 1-year builder warranty. 1/2 of units have pending applications!

Additional Information

Tax Amount
$298
Year Built
2021
Elementary School
Sitton
Middle School
George
Stories
3
Subdivision
St Johns
Terms
Cash, Conventional
Cooling Description
Wall Unit(s)
Fuel Description
Electricity
Heating Description
Mini Split
Hot Water Description
Electricity
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
7228
Capitalization Rate
4.63
Operating Expenses Actual
57038
Gross Income Actual
200520
Gross Rent Multiplier
15.46
Net Income Actual
143482
Number Of Units Total
12
Unit Type One Baths Total
6
Unit Type One Beds Total
1
Unit Type One Rent
1623
Unit Type One Sq Ft
803
Unit Type One Units Total
4
Unit Type Two Baths Total
6
Unit Type Two Beds Total
2
Unit Type Two Rent
1795
Unit Type Two Sq Ft
896
Unit Type Two Units Total
2
Unit Type Three Baths Total
1
Unit Type Three Rent
1120
Unit Type Three Sq Ft
370
Unit Type Three Units Total
6

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of City and State Real Estate.

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