Nearby Schools
VernonMiddle School
Description
The Alcazar is a high end 2019 built contemporary 4-plex (2 duplexes) in Alberta Arts District. Walking distance to Alberta's bustling shops and restaurants. Each unit features private entrances with spacious floor plans, vaulted ceilings and patios. Luxurious modern finishes, luxury vinyl, stainless appliances, quartz countertops and washer dryers in each unit. Unit mix consists of two (2) 2 bed / 2.5 bath 1,150 square foot units and two (2) 1 bed / 1 bath 520 square foot units. Walk score of 86 and Bike Score of 98. Coming soon 2 bed unit presents opportunity for owner occupant. Exclusive investment opportunity to own a turn-key asset. Subject properties monthly rent roll is $8,915. Tenants pay electric and gas. Landlord pays garbage and water/sewer. RUBS in place for water & sewer equal ~$300 per month. In place Effective Gross income (EGI) of $107,371, expense load of 31% provides $74,500 Net Operating Income (NOI).
Location
All information is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Hybrid Real Estate are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. Listing content is copyright © 2022 RMLS™, Portland, Oregon. Updated: 30th May, 2023 1:41 AM (UTC)
Attribution contact: 503-222-0282
Listing Agent: Cory Carlson
Listing Office: Constant Commercial Real Estate Inc
