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  • DESCRIPTION

    The 1607 Apartments offer a unique investment opportunity with multiple appreciation strategies. The units were built to condo quality standard and average over 1,000 sqft. Each unit includes modern finishes and amenities; washers and dryers, AC and heating units, stainless steel appliances, quartz counter tops, gas fireplaces, decks or balconies, and more. The property also has gated underground parking and storage available.

    KEY DETAILS
    • Price:
    • $7,750,000
    • Bedrooms:
    • 11
    • Square Footage:
    • 26,864
    • Acreage:
    • n/a
    • Year Built:
    • 2013
    • MLS #:
    • 18252665
    • Street Address:
    • 1607 Nw Davis St
    • City:
    • Portland
    • State:
    • OR
    • Postal Code:
    • 97209
    • County:
    • Multnomah
    • Area:
    • Portland West/ Raleigh Hills
    • Listing Status:
    • For Sale - Active

    Building

    • Stories:
    • 3
    • Total Building Square Footage:
    • 26864
    • Unit 1 - Square Footage Available:
    • 573
    • Unit 1 - Square Footage Available:
    • 1233
    • Unit 1 Monthly Rent:
    • 1468
    • Unit 2 - Square Footage Available:
    • 1251
    • Unit 2 Monthly Rent:
    • 2408
    • Unit 3 Monthly Rent:
    • 2125
    • Unit 4 - Square Footage Available:
    • 1633
    • Unit 4 Monthly Rent:
    • 2449
    • Unit 5 - Square Footage Available:
    • 1613
    • Unit 5 Monthly Rent:
    • 2773
    • Unit Features:
    • Dishwasher, Fireplace, Washer/Dryer, Air Conditioning
    • Unit1 Bathrooms:
    • 1
    • Unit1 Bedrooms:
    • 1
    • Unit1 Features:
    • Dishwasher, Fireplace, Washer/Dryer, Air Conditioning
    • Unit2 Bathrooms:
    • 2
    • Unit2 Bedrooms:
    • 2
    • Unit2 Features:
    • Dishwasher, Fireplace, Washer/Dryer, Air Conditioning
    • Unit3 Bathrooms:
    • 3
    • Unit3 Bedrooms:
    • 2
    • Unit3 Features:
    • Dishwasher, Fireplace, Washer/Dryer, Air Conditioning
    • Unit4 Bathrooms:
    • 2
    • Unit4 Bedrooms:
    • 3
    • Unit4 Features:
    • Dishwasher, Fireplace, Washer/Dryer, Air Conditioning
    • Unit5 Bathrooms:
    • 3
    • Unit5 Bedrooms:
    • 3
    • Unit5 Features:
    • Dishwasher, Fireplace, Washer/Dryer, Air Conditioning
    • View:
    • City
    • Year Built:
    • 2013

    Business

    • Adjusted Gross Income:
    • 478160
    • Net Operating Income:
    • 329984

    Land

    • Conforms To Zoning:
    • Ex
    • Lot Description:
    • Gated
    • Lot Size:
    • 7, 000 To 9, 999 Sqft

    Listing

    • Legal Description:
    • Couchs Add, Block 151, Lot 1&4 Exc Pt In St
    • List Date:
    • 2018-09-25
    • Previous Listing Price:
    • 7995000
    • Terms:
    • Call Listing Agent

    Money

    • Property Taxes:
    • $85,019

    Structures

    • Garage Capacity:
    • 14
    • Parking Description:
    • Secured, Garage

    Systems

    • Heating Description:
    • Forced Air
    • Heating Fuel:
    • Electricity
    • Sewage Type:
    • Public Sewer
    • Utilities Included:
    • Trash Collection, Sewer, Water

    Water

    • Water Amenities:
    • Public

    Source

    • Listing Provided By Joseph Bernard LLC

      All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated 1/20/2019 5:34 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.


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    SCHOOL RATINGS

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    NOTES

    No notes have been added for this home.

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