4984 NE 32ND PL Portland, OR 97211

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).