Built in 1973, the Mossy Brae Apartments are situated between Multnomah and Burlingame neighborhoods just off of SW Barbur Boulevard in SW Portland. This is a great entry level or owner-occupied investment with an achievable value-add opportunity. The subject property is comprised of four (4) total units, all units are two-story town home style units. The site is situated on a 0.26 acre lot with landscaped grounds and private rear patios and yard space. The unit-mix consists of four - 2BD/1BA townhome units at approximately 850 square feet each. Tenants have access to assigned off-street parking. Occupancy is currently 100%. All units are currently on month-to-month leases with exception to one unit on the remainder of a one-year lease which expires 8/31/25. Rents vary from $1,300-$1,595 or $1.53-$1.88 per square foot. Landlord is currently responsible for all utilities excluding electricity and cable/Wi-Fi. There is significant upside potential in implementing a utility bill-back program along with stabilizing rents at market levels. ProForma valuation in this memorandum assumes a utility bill-back program along with stabilizing rents at highest current rent achieved- $1,595 or $1.88/SF. Mossy Brae could easily benefit from minor interior upgrades such as updated cabinetry, LVP flooring, countertops, interior door and closet door upgrades and stainless appliance package. The Mossy Brae Apartments are two-story wood-frame construction over crawlspace. Roof is pitched composition shingle (12 years old– full tear-off) and exterior siding is vinyl (replaced in 2021). All windows and sliders are double paned vinyl. All units include private rear and fenced patio/yard space. Units are also all equipped with full sized washer/dryers installed on main floor. Interior amenities include electric appliances, oak cabinetry, formica countertops, laminate wood flooring (one unit), carpeted bedrooms and living space and linoleum kitchens and baths. Heating is provided by electric forced-air wall units.