New-Construction Apartment Building in North Portland 14 Market-Rate Units • 100% Leased • Near Adidas HQ -------------------- Sale Price: $3,300,000 ($235,714 / Unit) Proforma NOI: $165,436 Proforma CAP: 5.01% Units: 14 Market-Rate Units Leaseup: 100% Leased Construction Date: 2023 Building Gross Area: 7,249 SF Building Rentable Area: 5,944 SF -------------------- Property Features: • New-Construction Multifamily Investment in North Portland • 14 Market-Rate Units with Studio & 1 Bedroom Unit Mix • 5,944 Rentable SF, Currently 100% Leased • Modern Finishes, Mini Split Air, Quartz Countertops, Private Patios / Balconies, In-Unit W/D • Landlord not currently charging RUBS to Tenants -------------------- Location Features: • Located in the Overlook Neighborhood of North Portland • Walkable Area less than One Mile to MAX Light Rail Yellow Line Station • Convenient to Adidas HQ, Legacy Emanuel, University of Portland and St Johns • Bike Score of 97 - "Biker's Paradise"