1521 NE 41st Ave

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1521 NE 41st Ave

Portland, OR 97232
Asking Price
$6.00M
Cap Rate
6.88%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Well located newer multifamily asset at below replacment cost. <ul><li>​Offered at a price point significantly below current replacement cost in the Portland market.</li><li>​Due to their lower price-point, and meticulously designed layouts, efficiency units are highly popular with today's renters looking for simplicity and convenience.</li><li>​Located near several of Portland's most desirable eastside neighborhoods, directly across from major anchors like Trader Joe's and Whole Foods.</li><li>​Historically high-performing asset, currently stabilized at 95

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NOI
$80,000
Cap Rate
1.33%
DSCR
0.22
Underwater
Cash-on-Cash
-15.35%
Monthly Payment
$29,684.726
Annual Cash Flow
$-276,216.715

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