$15,550,000 USD
503-222-2655
HIGHLIGHTS
- Assumable Financing Available
- Building Includes a Spacious Resident Lounge and Fitness Room
- Walking Distance to the Tri Met Max Yellow Line
- Located Near Major Employers Such As Adidas, Daimler, Kaiser Permanente, and the central business district
- Floor to Ceiling Windows, Open and Spacious Floorplans, Balconies and Walk-In Closets in Select Units
- Each Unit Includes a Washer & Dryer, 9 Foot Ceilings, Quartz Countertops, and Stainless Steel Appliances
OVERVIEW
62 Unit Apartment Complex Adjacent to Overlook Park in North Portland
2015 Construction • 1 & 2 Bed Unit Mix • Private Parking Garage
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Sale Price: $15,550,000 ($250,806 / Unit)
CAP Rate: 5.13%
Assumable Financing: 4.91%
Units: 62 Units with 1 & 2 Bedroom Mix
Parking Space: 17 spots | 127 Bike parking
Building Gross Area: 48,474 SF
Gross Land Area: 14,449 SF
FOR SALE DETAILS
PRICE
$15,550,000 USD
PRICE/SF
$320 USD /SF
# OF UNITS
62
PRICE/UNIT
$250,806
CAP RATE
5.13%
% LEASED
94%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Overlook Park Flats
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
6
YEAR BUILT
2017
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.33 AC
LAND SF
14,418 SF
ZONING
RM3
APN/PARCEL ID
R697139
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503-222-2655
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503-222-2655
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