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Gary D Horton PC
RE/MAX Equity Group
Portland, OR 97232

503-781-2476
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Listing 2 out of 2,086
$5,450,000 For Sale

5811 SE Boise St
Portland, OR 97206

30 units | Multi Family Home - MLS# 18487378
Property Photo
1/8

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.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • New Construction: Y
  • Listing Status: Active
  • County/Area: Multnomah County
  • Zip Code: 97206
  • Year Built: 2017
  • Subdivision/Neighborhood: Creston - Kenilworth
  • Elementary School: Arleta
  • Middle School: Arleta
  • High School: Franklin
  • Sq.Ft.: 16,478 sq ft
  • Stories: 3-Story
  • Units: 30 units
  • Basement: Slab
  • Lot Size: 7, 000 To 9, 999 Sqft
  • View: Territorial Yes
  • Zoning: CG
  • Area: Portland Southeast
  • Cap Rate: 5.29
  • Cooling: Wall Unit(S)
  • Exterior: Lap Siding, Other
  • Fuel: Electricity
  • Gross Income Actual: 420333
  • Gross Income Projected: 436965
  • Gross Rent Multiplier: 12.97
  • Heating: Zoned
  • Hot Water: Electricity
  • Limited Representation: Limited Service
  • Lot: Level
  • Net Income Projected: 315641
  • Occupancy Types: Leased
  • Operating Expenses Actual: 120243
  • Operating Expenses Projected: 121325
  • Roof Type: Composition
  • Sewer: Public Sewer
  • Tax Amount: 40938.00
  • Terms: Call Listing Agent
  • Unit Features: Dishwasher, Range, Washer/Dryer, Air Conditioning
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Features: Dishwasher, Range, Washer/Dryer, Air Conditioning
  • Unit Type 1 Sq Ft: 356
  • Unit Type 1 Units Total: 1
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Features: Dishwasher, Range, Washer/Dryer, Air Conditioning
  • Unit Type 2 Sq Ft: 394
  • Unit Type 2 Units Total: 1
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Features: Dishwasher, Range, Washer/Dryer, Air Conditioning
  • Unit Type 3 Sq Ft: 412
  • Unit Type 3 Units Total: 10
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Features: Dishwasher, Range, Washer/Dryer, Air Conditioning
  • Unit Type 4 Sq Ft: 525
  • Unit Type 4 Units Total: 6
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Beds Total: 1
  • Unit Type 5 Features: Dishwasher, Range, Washer/Dryer, Air Conditioning
  • Unit Type 5 Sq Ft: 557
  • Unit Type 5 Units Total: 12
  • Utilities Included: Trash Collection, Sewer, Water
  • Water: Public
  • Year Built Info: New Construction
Courtesy of Windermere Realty Trust
Gary D Horton PC & Scott D Brown
RE/MAX Equity Group

237 NE Broadway STE 100
Portland Oregon 97232
Phone: 503-781-2476
Fax:      503-495-5139
Email: garydhorton@hotmail.com
Website http://pdxgary.com

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Gary has creative ideas for marketing your home. He is a positive, energetic, friendly and very knowledgable, professional person. He gets the job done! Seller Review
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