7050 N MONTANA AVE, Portland, OR 97217

$2,350,000
List Price
$2,350,000
Days on Market
4
MLS#
19430251
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland North
Status
Active

Property Description

Welcome to Montana12! Designed by award winning architect Brian Cavanaugh, these 12 courtyard studios will enjoy high occupancy + command excellent rent. Perfect for urban dwellers. Large windows, custom cabinets, tiled showers, smart thermostats + more. Double wall construction + insulated floor reduces sound & increases heat efficiency. Short walk to MAX. Near New Seasons/restaurants/PCC & more. LA related to seller.

Additional Information

Tax Amount
$3,569
Year Built
2019
High School
Jefferson
Elementary School
Chief Joseph
Middle School
Ockley Green
Stories
3
Subdivision
Arbor Lodge
Terms
Cash, Conventional
Basement Foundation
Slab
Fuel Description
Electricity
Heating Description
Ductless
Hot Water Description
Gas
Exterior Description
Cedar, Cement Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
View
Mountain(s), Trees/Woods
Sq Ft Approximate Building Total
7010
Capitalization Rate
5.43
Operating Expenses Actual
45274
Gross Income Actual
172800
Gross Rent Multiplier
13.60
Net Income Actual
127526
Occupancy Types
Vacant
Security Or Entry
Fire Sprinkler System, Sidewalk
Utilities Included
Trash Collection, Sewer, Water, Landscaping
Parking Description
None
Covenants/Restrictions
Yes
Number Of Units Total
12
Unit Type One Baths Total
1
Unit Type One Rent
1200
Unit Type One Sq Ft
456
Unit Type One Units Total
12

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Urban Nest Realty.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.