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Browse More Listings in Multifamily For Sale, Portland, OR or Oregon

Multifamily Property For Sale

New Construction

5727 N Maryland, Portland, OR 97217

Price:
$645,000
No. Units:
5
Building Size:
5,000 SF
Price/Unit:
$129,000
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Construction Status:
Under Construction
Commission Split:
2.5%
Cap Rate:
7.07%
Gross Rent Multiplier:
10.75
Occupancy:
100%
No. Stories:
2
Year Built:
2009
Lot Size:
4,500 SF
Tax ID / APN #:
R226180
Find Out More...

Last Verified 11/16/2009 Listing ID 16309053

Description

Brand New 5-Plex A or A+ location. Only a half block to lightrail, close to I-5, Portland Community College , University Of Portland , shopping (New Seasons) and downtown. The new townhome style luxury apartments feature laminate flooring, maple cabinets, pedestal sinks, private patios. Potential for appreciation is excellent. New $105,000. price reduction!!

Close-In Portland less then 5 minutes to downtown, trendy urban area!! Located on a quiet residential street only 1/2 block to public transit (max line), Bus line. Parks New $105,000. price reduction!!

Financial Summary

Unit Mix Information

Proforma
Year
2009
Scheduled Gross Income
$60,000
Effective Gross Income
$58,200
Operating Expenses
$11,800
Net Operating Income
$46,400

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
2 bed 1.1 ba luxury townhome apartments	5	$1,000	1,000

Map of 5727 N Maryland, Portland, OR 97217 (Multnomah County)

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Presented by

Keller Williams Realty East Portland

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Contact Listing Broker

Doug Foley, CCIM (503) 336-6495

Mary Vasile (503) 515-5794

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Created 7/8/2009

Additional Information for 5727 N Maryland Avenue, Portland, OR 97217

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - New Construction

5727 N Maryland, Portland, OR, 97217