450 NE JESSUP ST, Portland, OR 97211

$3,500,000
List Price
$3,500,000
Days on Market
59
MLS#
22118775
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland Northeast
Status
Pending

Property Description

This close-in, hot NE PDX location features a unique opportunity to invest in 15 new construction units, consisting of 2 bed/1 bath and 1 bed/1 bath apartments of superior quality construction&finishes.Trendy, open concept flrplan showcases hard surface flring,modern kitchen w/slab cntrs,SS apps,&designer tones.Thoughtfully designed both inside&out!100BS&88WS,this Bikers Paradise location puts you in perfect proximity to great parks,shops&transit!

Additional Information

Tax Amount
$31,089
Year Built
2019
High School
Jefferson
Elementary School
Martinl King Jr
Middle School
Harriet Tubman
Stories
3
Terms
Cash, Conventional
Fuel Description
Electricity
Heating Description
Zoned
Sewer Description
Public Sewer
Water Description
Public Water
Cumulative Days On Market
59
Sq Ft Approximate Building Total
9840
Capitalization Rate
5.22
Operating Expenses Actual
50526
Gross Income Actual
240720
Gross Rent Multiplier
14.54
Net Income Actual
182849
Occupancy Types
Leased
Number Of Units Total
15
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1566
Unit Type One Sq Ft
683
Unit Type One Units Total
4
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
1254
Unit Type Two Sq Ft
537
Unit Type Two Units Total
11

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Portland Premiere.

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