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 | |
Updated | May 11th, 2015 |
Type | Multi-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