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$1,100,000

4-Units (plus one non-conforming 5th unit)
2047 SW 10th Ave. Portland, OR 97201    

LISTED BY: CHUCK BRAZER

 

PROPERTY

Located directly at the base of Downtown Portland’s historic West Hills, the subject property offers four traditional apartment units with a fifth rented but non-conforming unit in the basement. Built in 1912 as a large house and later converted to a multi-family property, this historic building resides within blocks of Portland State University, popular retail shops, gourmet restaurants, Downtown Portland’s Central Business District, and Waterfront Park. Tenants enjoy spectacular views of Downtown Portland and the property is surrounded by both historic and contemporary luxury houses, condos, and apartments.

• Incredible Downtown Location - Directly Adjacent to PSU

• Residential Financing

• Laundry Facility

• One Garage (not rented)

• Excellent Occupancy History

• Well-Maintained Vintage Property - Rental Upside

• Private Porch Spaces & Balconies

• 4-Units Plus One Non-Confirming Unit

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$1,895,000

MULTI-FAMILY INVESTMENT PROPERTY 
4522 - 4624 SE 29th Avenue, Portland, Oregon 97202   

LISTED BY: JASON WAXBERG

 

PROPERTY

Equity Pacific presents this outstanding investment opportunity to purchase a total of 10 units comprising five duplex buildings, spread across 3 separate tax lots. Located at 4522 – 4624 SE 29th Ave and listed for $1,895,000, this property’s tax parcel configuration presents two (2) tax lots which conform to residential financing, along with three duplexes totaling 6 units on a 3rd tax lot which conforms to commercial multi-family underwriting. The value of this lies in the potential to achieve greater value in the two duplexes on their own separate tax lots and the flexibility this presents for future finance or exit strategy.  

All of the buildings have been recently improved with new pitched composition shingle roofs, fiber cement siding, energy-efficient windows and doors, and all 10 units have new electrical panels just recently installed in 2018.  Owner pays Water/Sewer and Trash/Recycling, and tenants pay for their own individually metered electricity. There is no Utility bill-back system currently in place.  

Each apartment features its own private entry way and garden area, fenced for privacy. There is open, off-street asphalt parking. This is a turn-key investment property with rent upside in a high demand, close-in SE Portland location less than a mile from Reed College. 

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$3,995,000

MOBILE HOME & MULTI-FAMILY INVESTMENT
17007 SE Stark Street, Portland, Oregon 97030    

LISTED BY: JASON WAXBERG

 

PROPERTY

Available is the Fir Haven Mobile Home Park located at 17007 SE Stark Street in Portland, Oregon, for $3,995,000. This offering is a 6.45% cap rate on current net income. Fir Haven MHP is a stabilized asset with upside leading to a realistic 7.04% cap rate within 12 months, and presents investors with an excellent opportunity to acquire a well maintained, historically strong performing mobile home park investment in an extremely tight market with limited mobile home park investment availability.

Built in 1945 according to County records, this investment property comprises forty six (46) Mobile Home / RV pads and eight (8) apartments. The site is approximately 2.43 acres, and is connected to public water and sewer systems. There are mature evergreen trees throughout, providing a park like setting. Fir Haven is situated in a mixed residential and commercial neighborhood and is on the city bus line and close to shopping.