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1627 SE Reedway St

Portland, OR 97202
  • $2,800,000
  • STATUS: Active
  • ON SITE: 403 days
  • MLS #: 20378958
$2,800,000
  • 1
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 5,770
    SQFT
  • $485
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2020
County:

School Information

Elementary School:
Middle School:
High School:

Description

Fully rented! Stunning modern new construction 12 unit apartment complex from quality local builder with 1bed, 1 bath units. Newly completed with excellent projected rents! Trendy, open concept floor plan showcases modern amenities, tall ceilings, SS appliances, W/D in units, lots of windows, and more! Situated in the desirable Sellwood-Moreland neighborhood! Right near transit, shopping, eateries, parks, schools, and freeway access!

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Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-07-30T23:39:46.63.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
www.nexthomepdx.com/homes/107104109
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1627 SE Reedway St Portland, OR 97202

  • Price: $2,800,000
  • Status: Active
  • MLS #: 20378958
1
Beds
1
Baths
0
½ Baths
N/A
Acres
5,770
SQFT
$485
$/SQFT
2020
Built
Neighborhood:
Sellwood Moreland
County:
Multnomah
Area:
143-Portland Southeast
Elementary School:
Llewellyn
Middle School:
Sellwood
High School:
Cleveland
Property Description
Fully rented! Stunning modern new construction 12 unit apartment complex from quality local builder with 1bed, 1 bath units. Newly completed with excellent projected rents! Trendy, open concept floor plan showcases modern amenities, tall ceilings, SS appliances, W/D in units, lots of windows, and more! Situated in the desirable Sellwood-Moreland neighborhood! Right near transit, shopping, eateries, parks, schools, and freeway access!
Exterior Features

Lot Description Level Lot Size 5000 To 6999 Sqft View Trees/Woods View YN Yes Water Description Public

Interior Features

Heating Description Heat Pump Unit Type1 Sq Ft 480

Property Features

Bank Owned YN No Capitalization Rate 4.92 Country Us Fuel Description Electricity Gross Income Actual 188940 Gross Income Projected 186900 Gross Rent Multiplier 14.82 Net Income Actual 137767 Net Income Projected 141821 Occupancy Types Leased Operating Expenses Actual 45079 Operating Expenses Projected 45079 Property Condition New Construction Rent Includes Water Seller Disclosure Exempt Sewer Description Public Sewer Short Sale YN No Tax Amount 4305.73 Third Party Approval YN No Unit Type1 Rent 1317 Unit Type1 Units Total 12 Zoning R2.5

Listing provided courtesy of Keller Williams Realty Portland Premiere.


Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-07-30T23:39:46.63.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
 
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