5811 SE Boise St
Portland, OR 97206 Creston-Kenilworth

$4,900,000 USD

Apartments For Sale • 27,000 SF

Property Details

Property Type Apartments
Total Building Size 27,000 SF
Lot Size 0.2 AC
Building Class A
Year Built 2017
Cap Rate 6.02 %
Zoning CG

50 Transit Score

70 Walk Score

                
                    Highlights
                
                                • Day-1 Yield & Cash Flow: $4.90M ($163k/unit); delivers 6.02% Cap ($295k NOI) and 6.06% Cash-on-Cash at 65% LTV (6.00% I/O). 
                            
                                • Turnkey 2016 Build: Modern 30-unit asset (18 1BR/12 Studios) with in-unit laundry, sub-metered electric, and zero near-term CapEx. 
                            
                                • Low-Overhead Operations: Bypasses on-site payroll while capturing $27,268/yr in RUBS recoveries and $4,800/yr in storage revenue. 
                            
                                • Prime Inner SE Location: 99 Bike Score and 86 Walk Score near Reed College, Warner Pacific, and the SE Foster corridor. 
                            
                                • 50-Unit Portfolio Option: Available standalone or bundled with EcoFlats ($4.82M) for $9.68M ($40k package discount). 
                            
                                • Full Due Diligence Attached: Executive Brief, OM, audited actuals, certified rent roll, and YTD financials (thru Aug 31) posted for download.