11518 NE Sandy Blvd - Apartments FOR SALE


Portland, OR 97220- Parkrose
$900,000 USD
971-200-0686
11518 NE Sandy Blvd, Portland, OR for Sale
$900,000 USD
Apartments - FOR SALE
1/47
null | 6.73% Cap Rate

11518 NE Sandy Blvd
Portland, OR 97220
Parkrose


OVERVIEW

HFO is pleased to present 11518 NE Sandy Blvd. Built in 1939, 11518 NE Sandy Blvd is a mixed-use property along the NE Sandy Blvd corridor in Portland, comprising 8 residential units and 2 commercial units. The property has been fully renovated, including roofing, siding, interiors, and plumbing. Current residential rents are below market, and one commercial unit sits vacant, presenting a lease-up and value-add opportunity for a new owner. The residential unit mix includes studio, one-bedroom, and two-bedroom layouts averaging 476 SF, on a 0.39-acre lot totaling 6,088 SF.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

10

PRICE/UNIT

$90,000

CAP RATE

6.73%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Phoebe Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,007 SF

ZONING

CE

APN/PARCEL ID

R265723

ASK ABOUT THIS PROPERTY

Yuriy ChubokHFO Investment Real EstateMore Info
971-200-0686

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Yuriy ChubokHFO Investment Real EstateMore Info
971-200-0686

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