Description
STABILIZED ASSET WITH UPSIDE IN RENTS. Turnkey apartment complex located in the Foster-Powell neighborhood of Southeast Portland with great walk score consists of sixteen total apartment units in two buildings. Significant capital has been invested into renovation of the units and the building's exterior. Weighted-average in-place rents are 10% below market, affording the investor near-term value-add upside on an asset with all the heavy lifting completed.
-
9BEDS
-
N/AACRES
-
8BATHS
-
01/2 BATHS
-
9,232SQFT
-
$302$/SQFT
School Information
Description
STABILIZED ASSET WITH UPSIDE IN RENTS. Turnkey apartment complex located in the Foster-Powell neighborhood of Southeast Portland with great walk score consists of sixteen total apartment units in two buildings. Significant capital has been invested into renovation of the units and the building's exterior. Weighted-average in-place rents are 10% below market, affording the investor near-term value-add upside on an asset with all the heavy lifting completed.
Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-05-16T07:39:36.903.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
Listing provided courtesy of Rarebird Real Estate.