12920 SE Powell Blvd - Apartments FOR SALE


Portland, OR 97236- Powellhurst-Gilbert
$2,300,000 USD
503-729-3253
12920 SE Powell Blvd, Portland, OR for Sale
$2,300,000 USD
Apartments - FOR SALE
1/10
null | 7.43% Cap Rate

12920 SE Powell Blvd
Portland, OR 97236
Powellhurst-Gilbert


HIGHLIGHTS

  • Strong in place income
  • Recent capital improvements
  • Consistent occupancy
  • Washer/Dryer hookups in units

OVERVIEW

Well-maintained property offering strong in-place income, recent capital improvements, and consistent occupancy. Most units have been renovated and feature washer/dryer hookups, supporting top-of-market rents. New ownership will benefit from stabilized expenses following recent years of capital investment.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

16

PRICE/UNIT

$143,750

CAP RATE

7.43%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heather Lane Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,000 SF

ZONING

R2

APN/PARCEL ID

R207691

ASK ABOUT THIS PROPERTY

Cooper CollinsMacadam Forbes, Inc.More Info
503-729-3253

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

Cooper CollinsMacadam Forbes, Inc.More Info
503-729-3253

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