5811 SE Boise St

    Portland, OR 97206
    • $5,450,000
    • STATUS: Pending
    • ON SITE: 198 days
    • MLS #: 18487378
    Under Contract
    UPDATED: 26 min ago
    $5,450,000
    • 2
      BEDS
    • N/A
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 16,478
      SQFT
    • $331
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2017
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    58 Foster is a newly constructed apartment building located in the Foster/Powell neighborhood. Tenants value the modern finishes, secured bike parking, a/c, in-unit washer/dryers, stainless steel appliances, and LVT flooring. Nearby amenities, proximity to the city core, and an efficient average unit size of 490 SF provided a quick lease-up with a strong tenant demographic and will maintain a consistent occupancy rate moving forward.

    Monthly Payment Calculator

    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. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-05-25T08:59:21.887.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/89237485

    5811 SE Boise St Portland, OR 97206

    • Price: $5,450,000
    • Status: Pending
    • Updated: 26 min ago
    • MLS #: 18487378
    2
    Beds
    5
    Baths
    0
    ½ Baths
    N/A
    Acres
    16,478
    SQFT
    $331
    $/SQFT
    2017
    Built
    Neighborhood:
    Creston - Kenilworth
    County:
    Multnomah
    Area:
    143-Portland Southeast
    Elementary School:
    Arleta
    Middle School:
    Arleta
    High School:
    Franklin
    Property Description
    58 Foster is a newly constructed apartment building located in the Foster/Powell neighborhood. Tenants value the modern finishes, secured bike parking, a/c, in-unit washer/dryers, stainless steel appliances, and LVT flooring. Nearby amenities, proximity to the city core, and an efficient average unit size of 490 SF provided a quick lease-up with a strong tenant demographic and will maintain a consistent occupancy rate moving forward.
    Exterior Features

    Exterior Description Lap SidingOther Lot Description Level Lot Size 7000 To 9999 Sqft Parking Description None Roof Type Composition View Territorial View YN Yes Water Description Public

    Interior Features

    Basement Foundation Slab Cooling Description Wall Unit(S) Heating Description Zoned Hot Water Description Electricity Unit Features DishwasherRangeWasher/DryerAir Conditioning Unit Type1 Features DishwasherRangeWasher/DryerAir Conditioning Unit Type1 Sq Ft 356 Unit Type2 Features DishwasherRangeWasher/DryerAir Conditioning Unit Type2 Sq Ft 394 Unit Type3 Features DishwasherRangeWasher/DryerAir Conditioning Unit Type3 Sq Ft 412 Unit Type4 Features DishwasherRangeWasher/DryerAir Conditioning Unit Type4 Sq Ft 525 Unit Type5 Features DishwasherRangeWasher/DryerAir Conditioning Unit Type5 Sq Ft 557

    Property Features

    Bank Owned YN No Capitalization Rate 5.29 Country Us Fuel Description Electricity Gross Income Actual 420333 Gross Income Projected 436965 Gross Rent Multiplier 12.97 Net Income Actual 300089 Net Income Projected 315641 Occupancy Types Leased Operating Expenses Actual 120243 Operating Expenses Projected 121325 Security Or Entry Fire Sprinkler SystemHandicap Access Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage None Tax Amount 40938.00 Third Party Approval YN No Unit Type1 Rent 975 Unit Type1 Units Total 1 Unit Type2 Rent 995 Unit Type2 Units Total 1 Unit Type3 Rent 1125 Unit Type3 Units Total 10 Unit Type4 Rent 1275 Unit Type4 Units Total 6 Unit Type5 Rent 1300 Unit Type5 Units Total 12 Utilities Included Trash CollectionSewerWater Year Built Description New Construction Zoning Cg

    Listing provided courtesy of Windermere Realty Trust.
    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. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-05-25T08:59:21.887.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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