5780 N GREELEY AVE, Portland, OR 97217

$7,395,000
List Price
$7,395,000
Days on Market
14
MLS#
22122253
Property Type
Multifamily
Lot Size
7, 000 to 9, 999 SqFt
Region
Portland North
Status
Active

Property Description

Brand new multi-family construction! Blocks from Adidas HQ. Seller to guarantee rent until stabilization.* Close proximity to shops, restaurants, transportation. Modern Design, luxury floor plans. Completed July 2022; Fully Sprinkled, Pex Plumbing, Copper Electrical. Received 16 applications; 30 scheduled tours on first weekend of lease up. Building is exempt from Inclusionary Zoning Affordability requirements. *Please call broker to discuss rent guarantee

Additional Information

Tax Amount
$6,813
Year Built
1924
Middle School
Ockley Green
Stories
3
Subdivision
Overlook
Terms
Cash, Conventional
Fuel Description
Electricity
Heating Description
Mini Split
Exterior Description
Cement Siding
Sewer Description
Public Sewer
Water Description
Public Water
Sq Ft Approximate Building Total
16635
Capitalization Rate
4.86
Operating Expenses Actual
142852
Gross Income Actual
502250
Gross Rent Multiplier
14.72
Net Income Actual
359358
Occupancy Types
Leased
Road Surface
Paved
Number Of Units Total
26
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
1529
Unit Type One Sq Ft
532
Unit Type One Units Total
24
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
2275
Unit Type Two Sq Ft
912
Unit Type Two Units Total
2

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 City and State Real Estate.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2022 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.