4405-4425 SE 15th Ave - Apartments FOR SALE


Portland, OR 97202- Brooklyn
$1,995,000 USD
503-680-4638
4405-4425 SE 15th Ave, Portland, OR for Sale
$1,995,000 USD
Apartments - FOR SALE
1/14
null | 5.72% Cap Rate

4405-4425 SE 15th Ave
Portland, OR 97202
Brooklyn


OVERVIEW

Well located 11 unit apartment community. History of high occupancy and cash flow. The property benefits from off street parking and on-site laundry. Currently 100% occupancy with upside in rents and higher utility collection. High quality property management is in place if a new owner wants a truly passive ownership. There is no underlying debt and the owner will 1031 exchange (so no owner carry terms avaialable). Owner is a Real Estate Broker in Oregon.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

11

PRICE/UNIT

$181,364

CAP RATE

5.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Terrace View

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R25

APN/PARCEL ID

R117980

ASK ABOUT THIS PROPERTY

Grayson PounderPounder Realty LLCMore Info
503-680-4638

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Grayson PounderPounder Realty LLCMore Info
503-680-4638

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