This Multifamily Property is Off-Market.

5702 NE Prescott Street
Portland, OR 97218 ·

19 Units · Multifamily For Sale

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PRICE REDUCED!!! The Lindsey Anne Apartments

Price N/A Cap Rate 6.50%
No. Units 19 Occupancy 100%
Building Size 15,177 SF No. Stories 3
Property Type Multifamily Year Built 1997
Property Sub-type Garden/Low-Rise Lot Size 32,500 SF
Property Use Type Investment APN / Parcel ID R139034
Commission Split 3% Parking Ratio 1.84 / 1,000 SF
Listing ID: 14445483 Date Created: 12/23/2005 Last Updated: 05/08/2006

Description

This 18 unit plus house is conveniently located & well maintained.
Great unit mix of 1,2 & 3 BR. The house is a 4BR/2BA.
Ample off-street parking, 35 spaces.
Quiet residential area & located near shopping.
Washer/dryer set and deck or patio w/ each unit.
Stable occupancy. 100% of apartments are occupied.
1928 4BR/2BA 2,493 s/f Bungalow w/ hardwood flooring has a recently remodeled kitchen and bath.
With house valued @ $235,000 price/apt unit is $76,667.

This 18 unit apt plus house is conveniently located in a residential area near mass transit and shopping. It's a 10 minute drive to downtown Portland, a 5 minute drive to New Seasons Market and the Alberta Arts District, a 7 minute drive to the Portland Airport and a 2 min walk to newly remodeled Albertsons.

Highlights

  • 8% cash on cash. 6.5% cap rate.
  • Residential neighborhood w/ shopping nearby.
  • History of high/stable occupancy. 100% of apts are occupied.
  • Ample Parking, 35 spaces.
  • Convenient close in location.
  • Newer construction and low maintenance

Research

5702 NE Prescott Street, Portland, OR 97218 (Multnomah County)

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