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5605 SE Milwaukie Ave
Portland, OR 97202
Studio Pointe · Multifamily Property For Sale
·
30 Units
Investment Highlights
- Core+, stabilized asset nearly 100% occupied.
- Management efficiencies in place.
- Strong lease-up/absorption rate of about 6-8 weeks (8 units/week).
- Rents are set at 60% Median Family Income (MFI) - ~$967/month.
- Portland Housing Bureau MULTE Program, 10-year property tax exemption.
- Ground floor retail potential.
Property Facts
| No. Units | 30 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 11,339 SF |
| Property Subtype | Apartment | Average Occupancy | 77% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | B | Year Built | 2020 |
| Zoning | RH | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 11,339 SF |
| Average Occupancy | 77% |
| No. Stories | 4 |
| Year Built | 2020 |
| Zoning | RH |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Bicycle Storage
- Public Transportation
- Walk-Up
- Smoke Detector
Property Taxes
| Parcel Number | R122529 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $108,630 |
Property Taxes
Parcel Number
R122529
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$108,630
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