10405-10409 E Burnside St - Apartments FOR SALE


Portland, OR 97216- Gateway
$2,375,000 USD
503-241-5541
10405-10409 E Burnside St, Portland, OR for Sale
$2,375,000 USD
Apartments - FOR SALE
1/10
null | 6.67% Cap Rate

10405-10409 E Burnside St
Portland, OR 97216
Gateway


OVERVIEW

Introducing Vandalay Arms, a 19-unit building located in Portland’s Hazelwood neighborhood. This two-story property was built in 1997 and features one- and two-bedroom units. Each apartment comes with fully equipped kitchens with dishwashers, private balconies, and in-unit laundry. Some units are also wheelchair accessible, and residents have on-site parking. The plumbing was recently completely replaced and updated. This property is centrally located in the Hazelwood, one of the largest neighborhoods in Portland. Hazelwood includes most of the Gateway Urban Renewal Area, Gateway Transit Center, the Mall 205 Shopping Center and Adventist Medical Center. The Gateway Urban Renewal project has been the driving force behind much of Portland’s extensive public transit projects, including the additions of the Red, Green, and Blue TriMet MAX lines which are just minutes from Vandalay Arms. Residents here enjoy a myriad of large, national retail-anchored shopping centers as well as great access to nearby highway entrances, allowing for easy commutes around the metro.

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

19

PRICE/UNIT

$125,000

CAP RATE

6.67%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vandalay Arms Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1997

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,685 SF

ZONING

RH, Portland

APN/PARCEL ID

R197980

ASK ABOUT THIS PROPERTY

Jack StephensHFO Investment Real EstateMore Info
503-241-5541

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Jack StephensHFO Investment Real EstateMore Info
503-241-5541

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.