7630 SE Woodstock Blvd - Apartments FOR SALE


Portland, OR 97206- Mt Scott-Arleta
$1,050,000 USD
503-390-6060
7630 SE Woodstock Blvd, Portland, OR for Sale
$1,050,000 USD
Apartments - FOR SALE
1/11
null | 5.8% Cap Rate

7630 SE Woodstock Blvd
Portland, OR 97206
Mt Scott-Arleta


HIGHLIGHTS

  • Recent Capital Improvements
  • Spacious Updated Units
  • Private Off-Street Parking

OVERVIEW

Located in in the popular Woodstock Neighborhood of Southeast Portland, Woodstock Apartments is a well-maintained, 7-unit apartment community comprised of six (6) one (1) bedroom and one (1) bathroom apartments and one (1) studio apartment. The one (1) bedroom apartments range in size f rom ~550 Square Feet to ~650 Square Feet and the studio apartment is ~500 Square Feet. Property amenities include off-street assigned parking and a coin-less laundry facility. Since acquiring the property the current ownership team have replaced all windows and updated all of the units. Recent updates include but are not limited to the following, Roof (2024), Siding (partial) 2024, Central Water Heater (2023), and Remodeled Kitchens (3 Units). Woodstock Apartments presents investors with an opportunity to acquire an asset in a desirable location, implement operational efficiencies and to capitalize on the below market rents, $296 and $180 for one (1) bedroom and Studio (0) units respectively.* *Market Rents based on 12-month average rents for 1BR/1BA and 0BR/1BA apartments within 1.5-mile radius of subject proper

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

7

PRICE/UNIT

$150,000

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1894

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM 2

APN/PARCEL ID

R312119

ASK ABOUT THIS PROPERTY

Khari GatesSMI Real EstateMore Info
503-390-6060

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Khari GatesSMI Real EstateMore Info
503-390-6060

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