ALBERTA CROSSING 18 Units • Portland, Oregon OFFERING MEMORANDUM 2 HFO INVESTMENT REAL ESTATE EXECUTIVE SUMMARY ASSET SUMMARY DETAILED UNIT MIX Location 4950 NE 7th Avenue Unit Type Unit Count Average Sq Ft Total Sq Ft % of Total Units City, State Portland, OR 97211 1 Bed / 1 Bath 1 580 580 5% County Multnomah 1 Bed / 1 Bath 2 630 1,260 11% Total Units 18 1 Bed / 1 Bath 1 635 635 5% Year Built 2019 1 Bed / 1 Bath 10 652 6,520 56% 1 Bed / 1 Bath 2 656 1,312 11% Approx. NR Sq Ft 11,739 2 Bed / 1 Bath 2 716 1,432 12% Average Unit Size 652 Sq. Ft. Total / Averages 18 652 11,739 100.0% Acreage 0.18 acres Alberta Crossing is a newly built 18-unit apartment community located in the heart PRICE SUMMARY of Northeast Portland’s popular Alberta Arts District. The property boasts modern one- and two-bedroom floor plans and is near one of Portland’s most popular Price $4,450,000 neighborhood commercial thoroughfares. Price Per Unit $247,222 With lease-up rents averaging $1,393 per unit, or $2.14 per sq ft., Alberta Crossing’s Per Square Foot $379 comfortable units and outstanding location make the property an especially Projected Cap Rate 5.00% attractive investment opportunity. TOURS AND INQUIRIES Alberta Crossing is adjacent to the Alberta Street transportation corridor – which provides frequent public transportation – and boasts easy access to numerous Lee Fehrenbacher •
[email protected] grocery anchored shopping centers and major employment centers throughout Jack Stephens •
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