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Zavier Apartments 7122 N Greenwich Ave

12 Unit Block of Flats £1,908,701 (£159,058/Unit) 5.46% Net Initial Yield Portland, OR 97217

INVESTMENT HIGHLIGHTS

  • Quality construction with large, 2-bedroom 1.5 bath units and 1 bedroom units
  • In-unit laundry
  • Brick facade with Pella windows
  • Stainless steel kitchen appliances

EXECUTIVE SUMMARY

Quality construction twelve unit with six large, 2-bedroom 1.5 bath Townhouse style units and six 1-bedroom units with separate entrances.
Quartz countertops, stainless appliances, in-unit laundry, bike storage LVP flooring and tiled showers/backsplashes.
Separate trash and recycling area.
Close 1/2 a block from the Max line or bus stop.
Close to Fred Meyer and New Seasons.
Easy I-5 access from Rosa Parks Way.
**Sellers are licensed real estate brokers in Oregon and Montana.

ATTACHMENTS

Zavier 2025 P

FINANCIAL SUMMARY (PRO FORMA - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income £194,115 £20.97
Other Income £1,591 £0.17
Vacancy Loss £9,706 £1.05
Effective Gross Income £186,000 £20.10
Taxes £23,063 £2.49
Operating Expenses £45,642 £4.93
Total Expenses £68,705 £7.42
Net Operating Income £117,294 £12.67

FINANCIAL SUMMARY (PRO FORMA - 2024)

Gross Rental Income
Annual £194,115
Annual Per SF £20.97
Other Income
Annual £1,591
Annual Per SF £0.17
Vacancy Loss
Annual £9,706
Annual Per SF £1.05
Effective Gross Income
Annual £186,000
Annual Per SF £20.10
Taxes
Annual £23,063
Annual Per SF £2.49
Operating Expenses
Annual £45,642
Annual Per SF £4.93
Total Expenses
Annual £68,705
Annual Per SF £7.42
Net Operating Income
Annual £117,294
Annual Per SF £12.67

PROPERTY FACTS

Price £1,908,701 Apartment Style Low Rise
Price Per Unit £159,058 Building Class C
Sale Type Investment Lot Size 0.11 AC
Net Initial Yield 5.46% Building Size 9,256 SF
Sale Condition 1031 Exchange Average Occupancy 100%
No. Units 12 Number of Floors 3
Property Type Multifamily Year Built 2020
Property Subtype Apartment
Price £1,908,701
Price Per Unit £159,058
Sale Type Investment
Net Initial Yield 5.46%
Sale Condition 1031 Exchange
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.11 AC
Building Size 9,256 SF
Average Occupancy 100%
Number of Floors 3
Year Built 2020

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Heating
  • Refrigerator
  • Range
  • Double Pane Windows

SITE AMENITIES

  • 24 Hour Access
  • Laundry Facilities
  • Recycling
  • Smoke Free
  • Rubbish Collection - Kerbside
  • Bicycle Storage

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS Avg. Rent.Mo SF
1+1 6 £1,131 496 - 527
2+1.5 6 £1,449 900 - 990
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Walk Score®
Very Walkable (82)
Bike Score®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number R214120 Total Assessment £890,329 (2023)
Land Assessment £0 (2023) Annual Taxes £23,063 (£2.49/sf)
Improvements Assessment £0 (2023) Tax Year 2024

PROPERTY TAXES

Parcel Number
R214120
Land Assessment
£0 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£890,329 (2023)
Annual Taxes
£23,063 (£2.49/sf)
Tax Year
2024

ZONING

Zoning Code EX (Multi Family)
EX (Multi Family)
(503) 349-4892

CONTACT

  • Listing ID: 29338774

  • Date on Market: 22/08/2023

  • Last Updated:

  • Address: 7122 N Greenwich Ave, Portland, OR 97217

The Arbor Lodge Multifamily Property at 7122 N Greenwich Ave, Portland, OR 97217 is currently available. Contact Russell Hosner LLC for more information.

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7122 N Greenwich Ave, Portland, OR for sale Primary Photo- Image 1 of 11
Zavier Exterior Completed 3
7122 N Greenwich Ave, Portland, OR for sale Building Photo- Image 2 of 11
Zavier Exterior Completed 1
7122 N Greenwich Ave, Portland, OR for sale Building Photo- Image 3 of 11
2 bd Kitchen
7122 N Greenwich Ave, Portland, OR for sale Building Photo- Image 4 of 11
Bath
7122 N Greenwich Ave, Portland, OR for sale Interior Photo- Image 5 of 11
1 bd kitchen
7122 N Greenwich Ave, Portland, OR for sale Building Photo- Image 6 of 11
1 bd bath
7122 N Greenwich Ave, Portland, OR for sale Building Photo- Image 7 of 11
2bd floor plan 2nd floor
7122 N Greenwich Ave, Portland, OR for sale Building Photo- Image 8 of 11
2bd 1st floor plan
7122 N Greenwich Ave, Portland, OR for sale Building Photo- Image 9 of 11
1 bd living
7122 N Greenwich Ave, Portland, OR for sale Building Photo- Image 10 of 11
Zavier

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Zavier Apartments | 7122 N Greenwich Ave
(503) 349-4892 x

Zavier Apartments | 7122 N Greenwich Ave

Bud Hosner

(503) 349-4892

(503) 349-4892

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