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5587 Northeast 7th Avenue
Portland, OR 97211
Asking Price
$3.28M
Cap Rate
5.58%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
New Construction Multifamily - 8-units - 5.58% Cap <ul><li><span style="color: rgba(6, 34, 57, 1)">8 New Construction Units: 2 bedroom / 2.5 bath units</span></li><li><span style="color: rgba(6, 34, 57, 1)">Modern finishes</span></li><li><span style="color: rgba(6, 34, 57, 1)">In-Unit Washer/Dryer Hook-Ups</span></li><li><span style="color: rgba(6, 34, 57, 1)">Low maintenance</span></li><li><span style="color: rgba(6, 34, 57, 1)">Desirable NE Portland Neighborhood</span></li></ul>
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NOI
$80,000
Cap Rate
2.44%
DSCR
0.41
Underwater
Cash-on-Cash
-11.66%
Monthly Payment
$16,227.65
Annual Cash Flow
$-114,731.804
