5233 Lafayette st - Apartments FOR SALE


Portland, OR 97206- Foster-Powell
$1,283,000 USD
503-317-4399
5233 Lafayette st, Portland, OR for Sale
$1,283,000 USD
Apartments - FOR SALE
1/26
null | 5.53% Cap Rate

5233 Lafayette st
Portland, OR 97206
Foster-Powell


HIGHLIGHTS

  • Excellent central location in popular Foster/Powell neighborhood. On the bus line and near cafes, food trucks, shops, and bars.
  • Professionally remodeled units with granite counter tops, either wood floors or engineered floors, carpet, tile tub surrounds.
  • Three garages, three driveways, laundry room.

OVERVIEW

This five-unit beauty has legs! Terrific Foster/Powell location ideal for renters. Four two-story units and one single level unit. Townhouse style two-story units have been professionally remodeled. Kitchens feature granite counter tops, new cabinets and new appliances. Living room floors are either engineered wood or oak. New carpet on the upper levels. Bathrooms with subway tile and new fixtures. Two units have a private backyard. The single level unit upstairs has a private patio. Solid tenants with significant room to improve rents. This building is a long-term hold with incredible opportunity to build cash flow and equity. Fully occupied -- please do not disturb tenants. Offer contingent on interior inspection. No sign at the property. Seller is a licensed agent in another state. A wonderful property to start or improve your investment portfolio!

FOR SALE DETAILS

PRICE

$1,283,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

5

PRICE/UNIT

$256,600

CAP RATE

5.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5223 SE Lafayette Stree Portland Oregon 97206

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,796 SF

ZONING

CM2

APN/PARCEL ID

R229030

ASK ABOUT THIS PROPERTY

Lisa LongHigh Five PropertiesMore Info
503-317-4399

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Lisa LongHigh Five PropertiesMore Info
503-317-4399

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