6845 N Montana Ave 12 Unit Apartment Building $4,437,301 CAD ($369,775 CAD/Unit) 5.15% Cap Rate Portland, OR 97217
EXECUTIVE SUMMARY
Two exquisite, modern NEW 6-unit apartment complexes from quality local builder with 1 bed + 2 bed units in vibrant Arbor Lodge! Thoughtfully designed + flooding with light this impeccable open concept plex boasts high-end features, tall ceilings + neutral designer tones! Quality can be seen with a custom kitchen featuring gorgeous tilework, slab counters, SS appliances, expansive windows + doors out to a privately fenced backyard with patio! Bolster your investment portfolio with amazing quality + peace of mind + 1-year Builder Warranty! Phenomenal 92Bikescore, just blocks to restaurants, parks, shops + transit!
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$299,111
|
$36.21
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$70,620
|
$8.55
|
| Net Operating Income |
$228,491
|
$27.66
|
PROPERTY FACTS
| Price | $4,437,301 CAD |
| Price Per Unit | $369,775 CAD |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 7,548 SF |
| No. Stories | 2 |
| Year Built | 2023 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,872 CAD | 500 - 506 |
| 2+1.5 | 4 | $2,461 CAD | 851 - 911 |
1 of 1
Walk Score®
Very Walkable (79)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | R171819 | Improvements Assessment | $0 CAD (2023) |
| Land Assessment | $0 CAD (2023) | Total Assessment | $429,572 CAD (2023) |
ZONING
| Zoning Code | RM3 |
