6202 SW Burlingame Ave - Apartments FOR SALE


Portland, OR 97239- Hillsdale
$1,750,000 USD
503-314-2100
6202 SW Burlingame Ave, Portland, OR for Sale
$1,750,000 USD
Apartments - FOR SALE
1/56
null | 4.99% Cap Rate

6202 SW Burlingame Ave
Portland, OR 97239
Hillsdale


OVERVIEW

For sale: 0.55 acres of land zoned RM2 with an existing 8 unit apartment complex that is well positioned giving the potential to develop more units. Recent addition of middle housing zoning might even allow for more units than the conceptual drawings in this photo. Concept plans complete to build two added buildings, a total of 14 units. Located in the heart of the SW Hillsdale neighborhood only one block from the town center. Storage/laundry room could be converted to an extra unit. The property has room for improvements and rent increases.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

8

PRICE/UNIT

$218,750

CAP RATE

4.99%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burlingame Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

RM2

APN/PARCEL ID

R124065,R124233

ASK ABOUT THIS PROPERTY

Jim McCartanCascade Hasson Sotheby's International RealtyMore Info
503-314-2100

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Jim McCartanCascade Hasson Sotheby's International RealtyMore Info
503-314-2100

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