1410-1420 SW Bertha Blvd - Apartments FOR SALE
Portland, OR 97219 |
1410-1420 SW Bertha Blvd
Portland, OR 97219
HIGHLIGHTS
- Value-add opportunity for new owner to upgrade units and increase rents while controlling expenses.
- Current average rents are approximately 15% below market rates.
- Desirable unit mix of one and two bed units.
- Potential to partition off extra land and sell as a development site.
- Strong rental submarket with low vacancy and high rent growth.
- Turn-key opportunity as Cloverleaf is 95% leased with solid historical occupancy.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Cloverleaf Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
37780
STORIES
2
YEAR BUILT
1965
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
R330209,R330210,R330211,R330212
