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7231 NE M L King Blvd 7 Unit Apartment Building $1,200,800 ($171,543/Unit) 6.28% Cap Rate Portland, OR 97211
EXECUTIVE SUMMARY
~ 7-Unit in NE Portland with Many Recent Upgrades!
~ Convenient Location on NE MLK Jr Blvd; Close Proximity to Numerous Amenities: Shopping, Grocery Stores, Fast Food/Food Carts, Restaurants, Schools, and Many More,
~ Updates to All Units on Turnovers,
~ Many Recent Capital Improvements to Include: New Roof, Roof Sheathing, Siding, Exterior Insulation & Trim, Exterior Paint, Courtyard Fence, Electrical, Windows, Gas Furnaces in Units, Water Heater, and Exterior Lights,
~ 6.28% Cap Rate, Don't Miss Out!
~ Call For More Details!
~ Convenient Location on NE MLK Jr Blvd; Close Proximity to Numerous Amenities: Shopping, Grocery Stores, Fast Food/Food Carts, Restaurants, Schools, and Many More,
~ Updates to All Units on Turnovers,
~ Many Recent Capital Improvements to Include: New Roof, Roof Sheathing, Siding, Exterior Insulation & Trim, Exterior Paint, Courtyard Fence, Electrical, Windows, Gas Furnaces in Units, Water Heater, and Exterior Lights,
~ 6.28% Cap Rate, Don't Miss Out!
~ Call For More Details!
PROPERTY FACTS
| Price | $1,200,800 | Apartment Style | Low-Rise |
| Price Per Unit | $171,543 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6.28% | Building Size | 4,340 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1941 |
| Zoning | M3 | ||
| Price | $1,200,800 |
| Price Per Unit | $171,543 |
| Sale Type | Investment |
| Cap Rate | 6.28% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,340 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1941 |
| Zoning | M3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 7 | - | - |
1 1
Walk Score®
Very Walkable (79)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | R209294 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $282,690 |
PROPERTY TAXES
Parcel Number
R209294
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$282,690
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7231 NE M L King Blvd
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