Green Seed Apartments | 16111 E Burnside St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Green Seed Apartments 16111 E Burnside St
31 Unit Block of Flats £5,925,075 (£191,131/Unit) 3.94% Net Initial Yield Portland, OR 97233
Investment Highlights
- The only Carbon Neutral apartment complex in the region
- Individual locking storage spaces
- Geothermal Heating and Cooling & Solar Power generation
- Generous common areas to encourage resident interaction
- Rainwater Harvesting System
- High efficiency construction methods
Executive Summary
Green Seed is a 31-unit apartment complex that was built in 2022. It is the only carbon-neutral apartment complex in the Pacific Northwest. The apartments are designed to be energy-efficient, with features such as solar panels and water-saving appliances. Apartments range in size from 313 square feet to 511 square feet including studio and one bedroom apartments. The apartments are highly energy efficient and are focused on affordability, community building, and offer desperately needed workforce housing adjacent to a Max light rail station.
The property has a number of amenities, including a rainwater harvesting system, community raised bed gardening area, onsite parking, two ground floor commercial spaces, and a 1,741 square foot space in the daylight basement that could be office, treatment counseling, or shelter space that could serve residents and the greater community. In addition, there is also a community room that can be used for resident events and gatherings.
The property has a number of amenities, including a rainwater harvesting system, community raised bed gardening area, onsite parking, two ground floor commercial spaces, and a 1,741 square foot space in the daylight basement that could be office, treatment counseling, or shelter space that could serve residents and the greater community. In addition, there is also a community room that can be used for resident events and gatherings.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £5,925,075 | Apartment Style | Low Rise |
| Price Per Unit | £191,131 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.51 AC |
| Net Initial Yield | 3.94% | Building Size | 25,000 SF |
| No. Units | 31 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 2021 |
| Property Subtype | Apartment | Parking Ratio | 0.64/1,000 SF |
| Price | £5,925,075 |
| Price Per Unit | £191,131 |
| Sale Type | Investment |
| Net Initial Yield | 3.94% |
| No. Units | 31 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.51 AC |
| Building Size | 25,000 SF |
| Number of Floors | 3 |
| Year Built | 2021 |
| Parking Ratio | 0.64/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Deck
- Garden
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Gated
- Storage Space
- Bicycle Storage
- Car Charging Station
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 31 | £908.51 | 313 - 511 |
1 of 1
Bike Score ®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | R217908 | Total Assessment | £2,333,050 (2023) |
| Land Assessment | £0 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
R217908
Land Assessment
£0 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£2,333,050 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024 Payable 2024
zoning
| Zoning Code | NC |
| NC |
-
Skip Rotticci -
Macadam Forbes, Inc.
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Green Seed Apartments | 16111 E Burnside St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.