5702 NE Prescott Street
Portland, OR 97218 ·
19 Units · Multifamily For Sale
PRICE REDUCED!!! The Lindsey Anne Apartments
|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|
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.
- 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
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