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7070 N Montana Ave, Portland, OR 97217

$2,170,000

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Property Description

Modern 6-unit investment in prime Arbor Lodge location! 100% occupancy rate. Close to the MAX Yellow Line and major transit routes, this rare multi-fam investment boasts high desirability for those seeking urban convenience. Built in 2019, this building boasts energy-efficient construction, luxury details and thoughtful amenities throughout. EnergyStar rated appliances, quartz and marble finishes, luxury vinyl plank flooring, washer and dryer in every unit, built-in dishwashers and microwaves, Navien tankless water heater, Daikin mini-split heat & AC, and secure front door and gate entries. Second and third floor units have attached decks while ground level units #101 and #102 offer both front patios and backyard space. One unit is ADA-compliant. Close to University of Portland, Adidas headquarters, Peninsula Park & Kenton District, New Seasons Market and more! Don't miss this chance to invest in this desirable North Portland neighborhood.

7070 N Montana Ave | MLS# 382442110

This multi-family property located at 7070 N Montana Ave, Portland, OR 97217 is currently listed for sale with an asking price of $2,170,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: EnergyStar Air Conditioning
Fuel Type: Electricity
Heating: ENERGY STAR Qualified Equipment, Mini Split
Roof Type: Composition
Stories: 3.0
Taxes: $21,300
Year Built: 2019
Square Feet: 6,792

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: AirConditioning, Deck, Dishwasher, WasherDryer
Rent: $1895.00
Square Footage: 1132
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 2
Features: AirConditioning, Deck, Dishwasher, WasherDryer
Rent: $1895.00
Square Footage: 1132
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: AirConditioning, Deck, Dishwasher, WasherDryer
Rent: $1695.00
Square Footage: 1132
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Bedrooms: 2
Features: AirConditioning, Deck, Dishwasher, WasherDryer
Rent: $1995.00
Square Footage: 1132
Total Units: 1
Unit Type 5:
Bathroom(s): 1
Bedrooms: 2
Features: AirConditioning, Deck, Dishwasher, WasherDryer
Rent: $1795.00
Square Footage: 1132
Total Units: 1
Unit Type 6:
Bathroom(s): 1
Bedrooms: 2
Features: AirConditioning, Deck, Dishwasher, WasherDryer
Rent: $1995.00
Square Footage: 1132
Total Units: 1

Feature Descriptions

Days on Site: 419
Exterior: Cement Siding, Lap Siding
Gross Income: $136770.00 (Actual)
Hot Water: Gas, Tankless
Lot: Level, On Busline
Net Income: $98799.00 (Actual)
Operating Expenses: $58503.00 (Actual)
Parking: OnStreet
Parking Notes: OnStreet
Sewer: Public Sewer
Storage: None
Units: 6
Water: Public Water

Local Schools

High School: Roosevelt
Middle School: Ockley Green
Elementary School: Chief Joseph

Listed By / Shown By

Listed By

Agency Name: Keller Williams Sunset Corridor
Agency Contact: 503-481-6252

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 13,380.62 per month $10,972.70 Principal & Interest $1,775.00 Property Tax $632.92 Homeowner's Insurance

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