4484 SE Boardman Ave - Apartments FOR SALE


Milwaukie, OR 97267- Jennings Lodge
$2,150,000 USD
503-729-3253
4484 SE Boardman Ave, Milwaukie, OR for Sale
$2,150,000 USD
Apartments - FOR SALE
1/11
null | 6.4% Cap Rate

4484 SE Boardman Ave
Milwaukie, OR 97267
Jennings Lodge


HIGHLIGHTS

  • 15-unit value-add multifamily with clear upside through unit renovation and rent growth.
  • Mix of eight loft-style 1-bed/1.5-bath units and seven 2-bed/1.5-bath townhouses with in-unit laundry.
  • One building's roof is currently being replaced, with another roof having been replaced in recent years.
  • Call listing brokers for more details.

OVERVIEW

Tam-O-Shanter is a 15-unit value-add multifamily property in Milwaukie's Jennings Lodge neighborhood. With a majority of units in original condition and below-market rents, there is a clear path to increased income through renovation. The property is in the Jennings Lodge neighborhood of unincorporated Clackamas County, just off SE McLoughlin Boulevard, with quick access to I-205 and downtown Portland. Residents enjoy the adjacent Trolley Trail, the nearby Boardman Wetlands Nature Playground, and Meldrum Bar Park along the Willamette River. Everyday retail, including Fred Meyer and Walmart, is within walking distance, TriMet bus service runs along the corridor, and the SE Park Ave MAX Station provides a direct connection to the broader metro area.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

15

PRICE/UNIT

$143,333

CAP RATE

6.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tam-O-Shanter Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

00514544

ASK ABOUT THIS PROPERTY

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

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

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