6845 N Montana Ave
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6845 N Montana Ave
12 Unit Block of Flats £2,524,721 (£210,393/Unit) 5.15% Net Initial Yield 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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£170,405
|
£20.63
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£40,233
|
£4.87
|
| Net Operating Income |
£130,172
|
£15.76
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £170,405 |
| Annual Per SF | £20.63 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £40,233 |
| Annual Per SF | £4.87 |
| Net Operating Income | |
|---|---|
| Annual | £130,172 |
| Annual Per SF | £15.76 |
Property Facts
| Price | £2,524,721 | Property Subtype | Apartment |
| Price Per Unit | £210,393 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Net Initial Yield | 5.15% | Building Size | 7,548 SF |
| No. Units | 12 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 2023 |
| Price | £2,524,721 |
| Price Per Unit | £210,393 |
| Sale Type | Investment |
| Net Initial Yield | 5.15% |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 7,548 SF |
| Number of Floors | 2 |
| Year Built | 2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 8 | £1,065 | 500 - 506 |
| 2+1.5 | 4 | £1,400 | 851 - 911 |
1 of 1
Walk Score ®
Very Walkable (79)
Bike Score ®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | R171819 | Improvements Assessment | £0 (2023) |
| Land Assessment | £0 (2023) | Total Assessment | £235,043 (2023) |
PROPERTY TAXES
Parcel Number
R171819
Land Assessment
£0 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£235,043 (2023)
zoning
| Zoning Code | RM3 |
| RM3 |
-
Darryl Bodle II -
Kelly Christian -
Keller Williams Realty, Portland Premiere
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6845 N Montana Ave
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