OVERVIEW
6 Unit Multifamily Opportunity on Michigan Ave in N Portland
New Construction • Condo Grade Finishes
--------------------
Sale Price: $2,595,000 ($432,500 / Unit)
CAP Rate: 5.52%
Units: 6 Units with 2 Beds, 2 Baths
Building Gross Area: 5,520 SF
Gross Land Area: 4,875 SF
Zoning: RM1 - Residential Multi-Dwelling 1
FOR SALE DETAILS
PRICE
$2,595,000 USD
PRICE/SF
$470 USD /SF
# OF UNITS
6
PRICE/UNIT
$432,500
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Michigan Ave 6-Plex
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2024
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.11 AC
LAND SF
4,879 SF
ZONING
RM1
APN/PARCEL ID
R223778
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