PRESENTED AT $3,575,000
IMG Northwest is pleased to present Peregrine Place, two newly built multifamily properties (14 total units) located in Portland, Oregon.
Peregrine Place is a fully leased, completely turn-key apartment investment asset located in a top U.S. moving destination.
Constructed in February 2019, all units fully leased in less than 90 days with no concessions. Currently the property is 100% occupied at pro forma rents.
Vibrant North Portland Neighborhood
Portland’s St. Johns district is full of award-winning boutiques, cafes and nightlife options. Peregrine Place is positioned within a few blocks of St. Johns’ best attractions including the Saturday Farmers Market, St. Johns Ale Trail, charming storefronts and the iconic St. Johns Bridge/Cathedral Park. There are over 70 local restaurants, bars and coffee shops in very close proximity to Peregrine.
Boasting a 92 BikeScore (“Biker’s Paradise”), Peregrine Place is equipped with secure, interior bike storage inside every home. Town home floor plans optimize space (ideal for roommate sharing). Quartz countertops, stainless steel appliances, new cabinet sets, and modern recessed lighting fill a need for renters seeking luxury amenities in the historic St. Johns neighborhood.
Proximity to Education, Employment, Parks
The high number of students and numerous major employers based in the North Portland submarket continue to drive strong rental market demand. The new owner is poised to prosper as forecasted submarket metrics include continued population growth and employment gains.
- University of Portland (1.3 miles from Peregrine Place) – 4,200+ students
- Adidas North American HQ (4.0 miles) – 1,800 employees
- Daimler (5 miles) – 2,800 employees
- Forest Park (1.2 miles) – 5,200 acre nature park, 80 miles of trails
For more information on this listing, contact Lindsey Zehel at (971) 888-4010 ext. 102 or firstname.lastname@example.org.
OR | License No. 201215109