Overlook Park Flats | 3705 N Overlook Blvd
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Overlook Park Flats 3705 N Overlook Blvd
62 Unit Apartment Building $15,550,000 ($250,806/Unit) 5.13% Cap Rate Portland, OR 97227
Investment Highlights
- Assumable Financing Available
- Walking Distance to the Tri Met Max Yellow Line
- Floor to Ceiling Windows, Open and Spacious Floorplans, Balconies and Walk-In Closets in Select Units
- Building Includes a Spacious Resident Lounge and Fitness Room
- Located Near Major Employers Such As Adidas, Daimler, Kaiser Permanente, and the central business district
- Each Unit Includes a Washer & Dryer, 9 Foot Ceilings, Quartz Countertops, and Stainless Steel Appliances
Executive Summary
62 Unit Apartment Complex Adjacent to Overlook Park in North Portland
2015 Construction • 1 & 2 Bed Unit Mix • Private Parking Garage
--------------------
Sale Price: $15,550,000 ($250,806 / Unit)
CAP Rate: 5.13%
Assumable Financing: 4.91%
Units: 62 Units with 1 & 2 Bedroom Mix
Parking Space: 17 spots | 127 Bike parking
Building Gross Area: 48,474 SF
Gross Land Area: 14,449 SF
2015 Construction • 1 & 2 Bed Unit Mix • Private Parking Garage
--------------------
Sale Price: $15,550,000 ($250,806 / Unit)
CAP Rate: 5.13%
Assumable Financing: 4.91%
Units: 62 Units with 1 & 2 Bedroom Mix
Parking Space: 17 spots | 127 Bike parking
Building Gross Area: 48,474 SF
Gross Land Area: 14,449 SF
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Property Facts
| Price | $15,550,000 | Apartment Style | Mid Rise |
| Price Per Unit | $250,806 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 5.13% | Building Size | 48,474 SF |
| No. Units | 62 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 2017 |
| Price | $15,550,000 |
| Price Per Unit | $250,806 |
| Sale Type | Investment |
| Cap Rate | 5.13% |
| No. Units | 62 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 48,474 SF |
| Average Occupancy | 94% |
| No. Stories | 6 |
| Year Built | 2017 |
Unit Amenities
- Balcony
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Fitness Center
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 45 | - | 524 - 537 |
| 2+1 | 17 | - | 728 |
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Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | R697139 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,368,200 |
PROPERTY TAXES
Parcel Number
R697139
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,368,200
zoning
| Zoning Code | RM3 |
| RM3 |
Contacts
-
Nicholas Diamond -
Riley Henderson -
George Diamond -
Capacity Commercial Group LLC
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Overlook Park Flats | 3705 N Overlook Blvd
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