6930-6940 SE Long St - Apartments FOR SALE


Portland, OR 97206- Foster-Powell
$3,100,000 USD
206-566-6593
6930-6940 SE Long St, Portland, OR for Sale
$3,100,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

6930-6940 SE Long St
Portland, OR 97206
Foster-Powell


OVERVIEW

Kern Park Apartments is an excellent opportunity to acquire a high-quality 2020-construction apartment building in Southeast Portland. Located at 6940 SE Long St, Kern Park Apartments is a 15-unit asset with a balanced units mix featuring nine (9) one-bed/one-bath units and six (6) two-bed/ one-bath units. The efficient unit layouts and modern finishes offer residents a clean, comfortable living environment in an actively growing submarket. The building showcases the benefits of newer construction: fully sprinkled, separately metered, and built with durable, high-quality, sound-dampening materials. Systems and interiors reflect a “builtto- hold” standard rather than value-engineered construction, giving the property lower operating intensity compared to older competing stock. Residents enjoy contemporary interiors including stainless steel appliances, quartz countertops, modern cabinets, LVP flooring, and quality fixtures. All units have in-unit washers and dryers.. With stabilized operations, limited to no deferred maintenance, and a location benefiting from continued neighborhood improvement, 6940 SE Long St represents a rare chance to acquire a modern, low-maintenance asset in one of Southeast Portland’s most promising growth pockets.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

15

PRICE/UNIT

$206,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kern Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,920 SF

ZONING

CG

APN/PARCEL ID

R197217

ASK ABOUT THIS PROPERTY

Matthew MillerSMI Real EstateMore Info
206-566-6593

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Matthew MillerSMI Real EstateMore Info
206-566-6593

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