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714-716 NW 24th Avenue
Portland, OR 97210
Asking Price
$2.80M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
13-Unit Vintage Multifamily Asset in Portland’s Alphabet District <ul><li>13-Unit Vintage Multifamily Community</li><li>Large Floor Plans Averaging 819 SF</li><li>Classic Architectural Character</li><li>Select Units Feature Private Decks or Patios</li><li>Detached Garage Parking</li><li>Secured Entry Access</li><li>Significant Capital Investment Completed by Current Ownership</li><li>One Block from the NW 23rd Avenue Retail and Dining Corridor</li><li>Convenient Access to Downtown Portland, the Pearl District, and Major Employment Centers</li></ul>
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NOI
$80,000
Cap Rate
2.86%
DSCR
0.48
Underwater
Cash-on-Cash
-10.27%
Monthly Payment
$13,852.872
Annual Cash Flow
$-86,234.467
