3727-3755 S Hood Ave - Apartments FOR SALE


Portland, OR 97239- South Portland
$3,499,900 USD
503-709-4632
3727-3755 S Hood Ave, Portland, OR for Sale
$3,499,900 USD
Apartments - FOR SALE
1/30
null | 5.42% Cap Rate

3727-3755 S Hood Ave
Portland, OR 97239
South Portland


HIGHLIGHTS

  • Located in High Demand & Desirable South Waterfront Location
  • 2023 Construction | Low Maintenance Asset
  • Modern Systems Reducing Deferred Maintenance Risk
  • Diverse Unit Mix | 9 Studios & 9 One Bedroom Units
  • Boutique Scale Asset Appealing to Private Investors & 1031 Buyers
  • Modern Systems Reducing Deferred Maintenance Risk

OVERVIEW

Invest in your future with this exceptional opportunity to acquire an impressive new 18-unit apartment building crafted by a trusted local builder. Located in the vibrant South Waterfront district, this property offers unparalleled access to Portland's finest dining, coffee shops, and is just moments from downtown and OHSU. Each unit is meticulously designed with high-end finishes and boasts tall ceilings and an open floor plan that bathes the interiors in natural light. Designer tones complement the stylish aesthetic, and select units feature coveted covered patios or balconies for outdoor enjoyment. Inside, custom cabinetry, stainless-steel appliances, and convenient stackable washer/dryer units ensure modern comfort and convenience. Residents will appreciate additional amenities such as bike storage and a dedicated trash area, enhancing the appeal of this prime investment opportunity. Don't miss out on this chance to own a premier apartment complex in one of Portland's most sought-after locations. Two units are currently operated as short term rentals averaging ~$2,300/month each; market rent is estimated at ~$1,300/month if converted to long term tenancy. Buyer to verify all income.

FOR SALE DETAILS

PRICE

$3,499,900 USD

PRICE/SF

$361 USD /SF

# OF UNITS

18

PRICE/UNIT

$194,439

CAP RATE

5.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3727 SW Hood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

RM3

APN/PARCEL ID

R129248

ASK ABOUT THIS PROPERTY

Darryl Bodle IIKeller Williams CommercialMore Info
503-709-4632

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Darryl Bodle IIKeller Williams CommercialMore Info
503-709-4632

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