4893 Northeast Cesar E Chavez Boulevard

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4893 Northeast Cesar E Chavez Boulevard

Portland, OR 97211
Asking Price
$1.98M
Asset Type
Student Housing Multifamily
Class
Class B

What's Special

Four newly built detached homes with projected ~$141K+ income potential in Beaumont-Wilshire <ul><li>​Rare opportunity to acquire four newly constructed detached cottage homes in the highly desirable Beaumont-Wilshire neighborhood of NE Portland</li><li>​Property consists of a balanced unit mix featuring (2) 3 bedroom 2.1 bathroom homes and (2) 2 bedroom 2.1 bathroom homes totaling 4,588 sqft</li><li>​Detached home configuration provides stronger tenant privacy, reduced noise transfer, and single family style appeal compared to traditional attached multifamily product</li><li>​Homes are

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NOI
$80,000
Cap Rate
4.04%
DSCR
0.68
Underwater
Cash-on-Cash
-6.32%
Monthly Payment
$9,795.465
Annual Cash Flow
$-37,545.579

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