Apartment Buildings /OR /Portland /
Apartment Buildings /OR /Portland /

Sellwood Multifamily Portfolio: 59 Units Multi-Family FOR SALE


Portland, OR - Sellwood-Moreland | 
$7,230,000 USD
503-218-4387
, Portland, OR for Sale
$7,230,000 USD
Multi-Family - FOR SALE
1/21
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Sellwood Multifamily Portfolio: 59 Units
Portland, OR
Sellwood-Moreland

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HIGHLIGHTS

  • Core+, stabilized asset - 100% occupied
  • 10-year property tax exemption through 2029/2030
  • 2025 maximum rents are set at 60% median family income (MFI) - $1,239/month
  • Management efficiences in place (on-site office at Studio Pointe)
  • Ground floor retail potential (Studio Pointe)

OVERVIEW

-City of Portland Affordability Requirements for Inclusionary Housing (MULTE) -2025 Max Rents allowable - $1,239/month -Tenant income requirement of 60% of median family income (MFI) -Efficiency style studios with full bathrooms, kitchenettes, and washer/dryer hookups (stackable) -10 Year Property Tax Abatement through 2029/2030 -2020 Year Built: Strong basis play at $122,000/unit

ASK ABOUT THIS PROPERTY

Benjamin MurphyCommercial Integrity NWMore Info
503-218-4387

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Benjamin MurphyCommercial Integrity NWMore Info
503-218-4387

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