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Listing 2 out of 2,249
$7,650,000 For Sale

1607 NW Davis St
Portland, OR 97209

20 units | Multi Family Home - MLS# 18252665
Property Photo
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Description

The 1607 Apartments offer a unique investment opportunity with multiple appreciation strategies. The units were built to condo quality standard and average over 1, 000 sqft. Each unit includes modern finishes and amenities; washers and dryers, AC and heating units, stainless steel appliances, quartz counter tops, gas fireplaces, decks or balconies, and more. The property also has gated underground parking and storage available.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Multnomah County
  • Zip Code: 97209
  • Year Built: 2013
  • Sq.Ft.: 26,864 sq ft
  • Stories: 3-Story
  • Units: 20 units
  • Garage: 14-Car
  • Lot Size: 7, 000 To 9, 999 Sqft
  • View: City Yes
  • Zoning: EX
  • Area: Portland West, Raleigh Hills
  • Cap Rate: 4.51
  • Fuel: Electricity
  • Gross Income Actual: 495337
  • Gross Income Projected: 588300
  • Gross Rent Multiplier: 15.44
  • Heating: Forced Air
  • Limited Representation: Full Service
  • Lot: Gated
  • Net Income Projected: 431967
  • Occupancy Types: Leased, Month To Month
  • Operating Expenses Actual: 150055
  • Operating Expenses Projected: 156333
  • Parking: Secured, Garage
  • Sewer: Public Sewer
  • Storage: Garage(S), Locked
  • Tax Amount: 85019.51
  • Terms: Call Listing Agent
  • Unit Features: Dishwasher, Fireplace, Washer/Dryer, Air Conditioning
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Dishwasher, Fireplace, Washer/Dryer, Air Conditioning
  • Unit Type 1 Sq Ft: 573
  • Unit Type 1 Units Total: 10
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Dishwasher, Fireplace, Washer/Dryer, Air Conditioning
  • Unit Type 2 Sq Ft: 1251
  • Unit Type 2 Units Total: 3
  • Unit Type 3 Baths Total: 3
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Dishwasher, Fireplace, Washer/Dryer, Air Conditioning
  • Unit Type 3 Sq Ft: 1233
  • Unit Type 3 Units Total: 2
  • Unit Type 4 Baths Total: 2
  • Unit Type 4 Beds Total: 3
  • Unit Type 4 Features: Dishwasher, Fireplace, Washer/Dryer, Air Conditioning
  • Unit Type 4 Sq Ft: 1633
  • Unit Type 4 Units Total: 2
  • Unit Type 5 Baths Total: 3
  • Unit Type 5 Beds Total: 3
  • Unit Type 5 Features: Dishwasher, Fireplace, Washer/Dryer, Air Conditioning
  • Unit Type 5 Sq Ft: 1613
  • Unit Type 5 Units Total: 3
  • Utilities Included: Trash Collection, Sewer, Water
  • Water: Public
Courtesy of Joseph Bernard Llc
agent photo
Rod Erickson
Principal Broker

Gresham, OR 97030
Call: 503-349-0422
Email: raerickson@aol.com
Email: RodErickson@OregonFirst.com
 

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