$3,430,000 USD
503-218-4387
5434 SE Milwaukie Ave
Portland, OR 97202
Sellwood-Moreland
OVERVIEW
-City of Portland Affordability Requirements for Inclusionary Housing (MULTE)
-2025 Max Studio Rents allowable - $1,239/month
-Tenant income requirement of 60% of median family income (MFI)
-Efficiency style studios with full bathrooms, kitchenettes, and washer/dryer hookups (stackable)
-10 Year Property Tax Abatement through 2029/2030
-2020 Year Built: Strong basis play at $122,500/unit
FOR SALE DETAILS
PRICE
$3,430,000 USD
PRICE/SF
$486 USD /SF
# OF UNITS
28
PRICE/UNIT
$122,500
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Enclave 54
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
2020
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.09 AC
LAND SF
3,920 SF
ZONING
RH
APN/PARCEL ID
R218485
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503-218-4387
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503-218-4387
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