Calling all investors - The Flanders Condo is a fully-stabilized project centrally-located in the thriving North Tabor neighborhood, with easy access to I-84 & downtown Portland. Completed in 2020 this 3-story townhouse style property features 4 units all leased with a wait list. Offering highly desirable floor plans, premium fixtures, high-end appliances, including W/D, the project has established itself quickly as an up-scale community evidenced by its desirability & top-of-the-market rents.
Off market
$1,220,700
6035 NE Flanders St, Portland, OR 97213
10beds
8baths
4,774sqft
MultiFamily
Built in 2020
-- sqft lot
$1,220,700 Zestimate®
$256/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
Heating
- Forced air, Gas
Cooling
- Central
Appliances
- Included: Dishwasher, Dryer, Microwave, Washer
Features
- Flooring: Hardwood
- Basement: Finished
Interior area
- Total interior livable area: 4,774 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
Features
- Patio & porch: Deck
- Exterior features: Cement / Concrete
Lot
- Size: 4,791 sqft
- Features: Level
- Residential vegetation: Wooded
Details
- Parcel number: R708038
- Zoning: RM2
- Special conditions: Third Party Approval
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- New Construction
- New construction: No
- Year built: 2020
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & neighborhood
Security
- Security features: Fire Sprinkler System
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 8200
Other
Other facts
- Flooring: Wood
- Sewer: Public Sewer
- WaterSource: Public
- FoundationDetails: Concrete Perimeter
- RoadSurfaceType: Paved
- NewConstructionYN: true
- Appliances: Dishwasher, Washer/Dryer, Microwave, Gas Water Heater, Tank Water Heaterless Water Heater
- GarageYN: true
- AttachedGarageYN: true
- HeatingYN: true
- Utilities: Natural Gas Connected
- PatioAndPorchFeatures: Deck
- CoolingYN: true
- NumberOfUnitsTotal: 4
- PropertyCondition: New Construction
- Roof: Composition
- LotFeatures: Level
- ConstructionMaterials: Cement Siding
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Storage, Attached, Garage
- RentIncludes: Water, Sewer, Trash Collection, Maintenance Grounds
- Zoning: RM2
- Vegetation: Wooded
- Cooling: Central Air, Air Conditioning
- SecurityFeatures: Fire Sprinkler System
- CapRate: 5.91
- SpecialListingConditions: Third Party Approval
- GrossIncome: 98400
- TotalActualRent: 8200
- MlsStatus: Pending
- GrossScheduledIncome: 98400
- Heating: Forced Air - 90%
- CoListAgentEmail: Brian.eustis@gmail.com
- CoListAgentFullName: Brian Eustis
- NetOperatingIncome: 76824
- OperatingExpense: 21576
- TaxAnnualAmount: 1.00
- Road surface type: Paved
Services availability
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Estimated market value
$1,220,700