7025-7045 N Mohawk Ave - Apartments FOR SALE


Portland, OR 97203- Cathedral Park
$3,200,000 USD
503-221-4888
7025-7045 N Mohawk Ave, Portland, OR for Sale
$3,200,000 USD
Apartments - FOR SALE
1/22
null | 6.11% Cap Rate

7025-7045 N Mohawk Ave
Portland, OR 97203
Cathedral Park


HIGHLIGHTS

  • Majority of the units are townhomes
  • Retail uses within walking distance
  • No affordable units; all market-rate

OVERVIEW

Peregrine Place is a 14-unit apartment complex located in the heart of the St. Johns neighborhood. Built in 2019, it offers a mix of one-, two-, and three-bedroom units. All 10 of the two- and three-bedroom units are desirable townhomes. The units feature high-quality finishes including plank flooring, granite counters, stainless appliances, and custom cabinetry. The units have electric heating and AC ports. All of the units have full-size laundry machines. Current pricing of $3,200,000 results in a 6.1% cap rate on highest achieved rents and 5.6% on current in-place rents. Link to Deal Room with Financials, etc. - https://www.cbredealflow.com/buyer/agreement?pv=IPRxtqdk_ry7sMSWJ1cy3AkE4vFGot_jVmh8_KVSn37weIRVIsz9MuMm2W0jT8VM

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

14

PRICE/UNIT

$228,571

CAP RATE

6.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Peregrine Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R1

APN/PARCEL ID

R100561,R100562

ASK ABOUT THIS PROPERTY

Matt DoddCBREMore Info
503-221-4888

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Matt DoddCBREMore Info
503-221-4888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.