BuildingBits || Details

Hollywood 12 Multifamily Portland, OR

1728 NE 45th Ave., Portland, Oregon

3.3
BB Rating™
5.3%
Projected Cap Rate
Reg D 506(c) & Reg A Pending

Funded: 0.80%

$15,600 raised of $1,961,614

Property Summary

Investment summary:

Overview
BuildingBits is proud to offer this brand new, luxury multifamily development, located in the heart of Portland Oregon’s hip Hollywood District. Consisting of 12 spacious units, the project features contemporary architecture, large windows, balconies, and city views. At a 5.3% cap rate based on acquisition price, this property is attractively priced for newly constructed multifamily in a supply constrained market.

Demographics
As Oregon’s biggest city with roughly 60% of the state’s population living the metro area, Portland has seen population boom over the last two decades with over 10% growth per census report. Sustained job growth and an abundance of culture has helped Portland blossom into a truly metropolitan city that is currently in the midst of a housing shortage.

Access
Only blocks away from Wholefoods and the historic Hollywood Theatre, this apartment building also boasts easy access to Portland’s wonderful public transit system making it an ideal location for people looking to experience the best of what Portland has to offer. In addition, with local access to I-84, this building’s location bodes well for any metro commute.

Key features:

- Walk Score 94: “Walker’s Paradise”
- Bike Score 98: “Biker’s Paradise”
- No Rent Control
- New Construction
- Balconies
- Large units

Transaction status:

Pre-Order
Due Diligence
Fully Funded
Pre-Closing
Closed
Fast facts:

Building info:

Projected Cap Rate:
5.3%
BB Rating™:
3.3
Property Type:
Multifamily
Year Built:
2018
Square Footage:
9,889 SF
Rentable Square Footage:
9,889 SF
Number of Floors:
4
Number of Units:
12
Type of Construction:
Curtain Glass Steel Frame
Listing ID:
10

Tenant summary:

BuildingBits has partnered with a local, top tier management company that is handling the lease-up, and has a stringent selection process to ensure quality tenancy with limited turn-over.


Map:

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Funded: 0%

$15,600 raised of $1,961,614

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