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7017 NE Grand Ave

Portland, OR 97211
  • $4,200,000
  • STATUS: Pending
  • ON SITE: 53 Days
  • MLS #: 21657977
Pending
UPDATED: 38 min ago
$4,200,000
  • 21
    BEDS
  • N/A
    ACRES
  • 14
    BATHS
  • 0
    1/2 BATHS
  • 6,804
    SQFT
  • $617
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2018
County:

School Information

Elementary School:
Middle School:
High School:

Description

Amazing investment opportunity! Newer Modern luxury 12 unit apartment building in the heart of NE Portland. All units but 1 occupied! 5% CAP rate! Rare 2 & 3 bedrm units. Units boast large windows for tons of natural light, SS kitchen appliances, modern cabinets, quartz countertops, and porcelain tile backsplash. Private balcony w secure storage space attached to the patio of each unit. Secure heated bike room. Near restaurants, pubs, numerous parks, shops, public transportation and much more!

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Listing content is copyright © 2022 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 2022-01-24T22:39:30.67.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/123671678
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7017 NE Grand Ave Portland, OR 97211

  • Price: $4,200,000
  • Status: Pending
  • On Site: 53 Days
  • Updated: 38 min ago
  • MLS #: 21657977
21
Beds
14
Baths
0
½ Baths
N/A
Acres
6,804
SQFT
$617
$/SQFT
2018
Built
Neighborhood:
Woodlawn
County:
Multnomah
Area:
142-Portland Northeast
Elementary School:
Woodlawn
Middle School:
Ockley Green
High School:
Jefferson
Property Description
Amazing investment opportunity! Newer Modern luxury 12 unit apartment building in the heart of NE Portland. All units but 1 occupied! 5% CAP rate! Rare 2 & 3 bedrm units. Units boast large windows for tons of natural light, SS kitchen appliances, modern cabinets, quartz countertops, and porcelain tile backsplash. Private balcony w secure storage space attached to the patio of each unit. Secure heated bike room. Near restaurants, pubs, numerous parks, shops, public transportation and much more!
Exterior Features

Exterior Description Lap Siding Lot Description Level Lot Size 10000 To 14999 Sqft Parking Features Off Site Roof Type Other View YN No Water Description Public Water

Interior Features

Cooling Description Wall Unit(S) Foundation Details Slab Heating Description Mini Split Hot Water Description Electricity Unit Features DishwasherRefrigeratorWasher/DryerAir Conditioning Unit Type1 Features DishwasherRefrigeratorWasher/DryerAir Conditioning Unit Type1 Sq Ft 1150 Unit Type2 Features DishwasherRefrigeratorWasher/DryerAir Conditioning Unit Type2 Sq Ft 1310 Unit Type3 Features DishwasherRefrigeratorWasher/DryerAir Conditioning Unit Type3 Sq Ft 1023 Unit Type4 Features DishwasherRefrigeratorWasher/DryerAir Conditioning Unit Type4 Sq Ft 923 Unit Type5 Features DishwasherRefrigeratorWasher/DryerAir Conditioning Unit Type5 Sq Ft 1300 Unit Type6 Features DishwasherRefrigeratorWasher/DryerAir Conditioning Unit Type6 Sq Ft 922 Unit Type7 Features DishwasherRefrigeratorWasher/DryerAir Conditioning Unit Type7 Sq Ft 1310 Unit Type8 Features DishwasherRefrigeratorWasher/DryerAir Conditioning Unit Type8 Sq Ft 1300 Unit Type9 Features DishwasherRefrigeratorWasher/DryerAir Conditioning Unit Type9 Sq Ft 923

Property Features

Bank Owned YN No Capitalization Rate 4.97 Country Us Fuel Description Electricity Gross Income Actual 269460 Gross Income Projected 273180 Gross Rent Multiplier 15.59 Net Income Actual 208746 Net Income Projected 209742 Occupancy Types LeasedMonth To MonthVacant Operating Expenses Actual 60713 Operating Expenses Projected 62547 Property Condition Approximately Rent Includes None Security Features Fire Sprinkler System Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage DeckIndividual Storage Units Tax Amount 27267.22 Third Party Approval YN No Unit Type1 Rent 1650 Unit Type1 Units Total 1 Unit Type2 Rent 1945 Unit Type2 Units Total 2 Unit Type3 Rent 1775 Unit Type3 Units Total 1 Unit Type4 Rent 1695 Unit Type4 Units Total 3 Unit Type5 Rent 2100 Unit Type5 Units Total 1 Unit Type6 Rent 1825 Unit Type6 Units Total 1 Unit Type7 Rent 2075 Unit Type7 Units Total 1 Unit Type8 Rent 2200 Unit Type8 Units Total 1 Unit Type9 Rent 1850 Unit Type9 Units Total 1 Zoning R1

Listing provided courtesy of Krishna Realty.


Listing content is copyright © 2022 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 2022-01-24T22:39:30.67.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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