1105 SW 18th Ave - Apartments FOR SALE


Portland, OR 97205- Goose Hollow
$2,300,000 USD
503-227-2500
1105 SW 18th Ave, Portland, OR for Sale
$2,300,000 USD
Apartments - FOR SALE
1/3
null | 3.82% Cap Rate

1105 SW 18th Ave
Portland, OR 97205
Goose Hollow


HIGHLIGHTS

  • The property is zoned RM4 allowing for high density residential development, which makes this an attractive future redevelopment opportunity.

OVERVIEW

Rare opportunity to acquire three-building apartment complex in the highly desirable Goose Hollow Submarket. The subject buildings are located on one tax lot and consist of one six-unit apartment building, one duplex, and one single-family residence. All nine units are 100% leased at under market rents, providing an investor an attractive opportunity to improve the rents.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

9

PRICE/UNIT

$255,556

CAP RATE

3.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goose Hollow Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1902

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,594 SF

ZONING

RM4

APN/PARCEL ID

R105770

ASK ABOUT THIS PROPERTY

Greg BurpeeMacadam Forbes, Inc.More Info
503-227-2500

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

Greg BurpeeMacadam Forbes, Inc.More Info
503-227-2500

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