1105 SW 18th Ave - Apartments FOR SALE


Portland, OR 97205- Goose Hollow
$2,500,000 USD
503-227-2500
1105 SW 18th Ave, Portland, OR for Sale
$2,500,000 USD
Apartments - FOR SALE
1/3
null | 3.51% 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

$2,500,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

9

PRICE/UNIT

$277,778

CAP RATE

3.51%

% 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

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

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