Property Listing No Longer Available for Sale

18 NE 151st Ave, Portland, OR

Multi-family for Sale - $1,050,000


Property Info

CIMLS#753923
Location
  18 NE 151st Ave
  Portland OR 97230
UpdatedMay 11th, 2015
TypeMulti-family
Price$1,050,000

Property Description

Six unit apartments will be finished in about 10 days. They are being pre-leased at much higher rents than projected last fall.

Take a look.

Six unit apartments - BRAND NEW!!!

NE Portland $1,050,000

Rents were projected at $1,375 per month last fall ($99,000 Per year). But, they are pre-leasing them at $1,420 to $1,440 per month!!

Great cap rate and Gross Rent Multiplier!

Should be finished in about 10 days!!! Please stay off of property during construction. High cash flow for investors. 3 apts. pre-rented, at higher than projected six months ago. Others should be leased very soon. High demand from tenants.

Two buildings that consist of three townhouse-style units each. Being built in a contemporary craftsman style with double walls between units to eliminate sound transfer. Hickory cabinets, quartz counter-tops, bamboo wood floors and electric fireplaces. Quiet setting with dedicated parking. Only two blocks to the MAX stop. Brand NEW apts. with excellent rents.

Shown by appointment only. Investor's Package available, call me .

(503) 317-0180

George Thompson

Real estate investment broker

(CPA retired)

Realty Direct Northwest

9340 SW Beaverton-Hillsdale Hwy

Beaverton OR 97005


Financials