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$850,000

4 UNIT MULTI-FAMILY INVESTMENT PROPERTY
BRENTWOOD-DARLINGTON FOURPLEX
5821 SE Knapp St, Portland, OR 97206  

LISTED BY: BEN FICKER

PROPERTY

Completely renovated fourplex in Brentwood-Darlington. True 5.25 cap with all leased up units and a 25% expense ratio. Rents are $1195 plus $50 utility bill back ($1245 total each). Laundry on site. All units rented within a week and on leases now. Expenses are estimated.

LOCATION

 
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$2,150,000

10 UNIT MULTI-FAMILY INVESTMENT PROPERTY
1726-1744 NE Hancock St. Portland, 97212  


LISTED BY: CHUCK BRAZER

HIGHLIGHTS

• Outstanding Irvington Location
• Well Maintained
• Upside in Rents
• 100% Occupied
• Off-Street Parking
• On-Site Laundry
• Recent Upgrades
• Great Unit-Mix

PROPERTY

The Golden Key Manor Apartments offer a rare opportunity to own a pride-of-ownership property in Portland’s sought-after Irvington District. Built in 1966, the subject property has been well-maintained by thesame owners for over 20 years. The property is currently 100% occupied with long-term renters and is well-positioned for attractive rent upside over the next 12-18 months.

Golden Key Manor is a 10-unit complex comprised of four - 1BD/1BA flats between approximately 700-725 square feet, four - 2BD/1BA flats at 890 square feet and two 3BD/1BA flats at 1,000 square feet. Most units have been upgraded with flooring, tile baths, backsplashes, hardware and cabinetry. The property is wood- frame construction with pitched composition shingle roofing and newer vinyl windows throughout. The property includes a large basement space with individual storage units and laundry machines for tenant usage. Units are serviced by electric hot water and electric forced-air wall heating systems. The property also offers off-street parking with a total of ten assigned spaces.

Rents are stable and averaging near $1.54/SF, tenants are currently not being charged a utility billback fee for utility usage. Average rents of comparable property are near $1.71/SF which presents attractive and realistic rent upside for a new investor. Stabilizing rents at market in addition to implementing a RUBS program for utilities would nearly double the current cash flow in place.
 

LOCATION

 

Golden Key Manor is located in the “close-in” Northeast Portland Irvington District with easy access to downtown Portland, bus lines, I-84 & MAX light rail. This area is adjacent to other highly desirable
neighborhoods such as Lloyd, Sullivan’s Gulch and Hollywood districts. Irvington is historic and mixed urban and residential area that is located within walking distance to dining, shopping, and other
entertainment. The well-established community has a mix of older East Portland homes, usually mid-sized to larger family homes located on mature tree-lined streets. There are also attractive vintage apartments and small plexes, as well as newly developed condominiums along the Broadway corridor giving the area a very
urban feel. The property is located just over a 1⁄4 mile from Lloyd Center Mall & is one short block to Broadway, which offers an array of restaurants, shops & services.

 

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$939,000

4 UNIT MULTI-FAMILY PROPERTY·
2625 SE Stark Portland, Oregon97214

LISTED BY: JASON WAXBERG

Beautiful turn-key inner SE Portland 4-Plex with vintage character and modern updates. Upgrades to the building include newer exterior siding, paint, roof, gutters and sewer line. The unit interiors feature vintage charm such as period light fixtures and 10 foot ceilings. The property has an open off-street parking lot and a shared backyard with space for gardening.

This investment property is situated in the Buckman neighborhood of close-in SE Portland within walking distance of stores, restaurants, bars, Whole Foods supermarket and coffee shops along 28th Avenue. Nearby parks include Laurelhurst Park and Col. Summers Park.

PROPERTY INFORMATION

• Pride of Ownership 4-Plex

• “A+” Close-In SE Portland Location

• Open, Off-Street Parking

• New Exterior Siding & Paint

• New Sewer Line & Sump Pump

• New Roof & Gutters

• Three 1BR/1BA Apartments &  One Studio Apartment

• Hardwood Floors & 10’ Ceilings with  Vintage Light Fixtures

• Backyard, Shared & Private Garden Area

• Apartments Feature Gas Ranges

• Walk Score 89 & Bike Score 97

LOCATION

 
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$1,295,000

SCHUYLER COURT – 6 UNIT MULTI-FAMILY PROPERTY·
1805 NE 8th AVE | Portland, Oregon 97212

LISTED BY: JASON WAXBERG

 

Schuyler Court is an attractive, pride of ownership, single level apartment building located in the highly desirable Irvington neighborhood of close-in NE Portland. Built in 1940 the property is situated on a 5,000 SF corner lot and comprises six (6) 1BR/1BA units with hardwood floors and tiled kitchens and baths. The apartments are all individually metered for electricity, and there are individual storage units in the basement along with coin-op laundry. This turn-key property features a newer roof and exterior paint, and in-place market rents.

Schuyler Court features strong curb appeal with attractive low maintenance landscaping. This is a fantastic location considered a Biker’s and a Walker’s Paradise with scores of 99 and 91 respectively, and situated near Lloyd Center with abundant restaurants, markets, coffee shops, and just minutes to Downtown Portland with easy access to public transportation

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$1,375,000

12-Unit Multi-Family Investment
3251 Rogue River Hwy, Grants Pass, Oregon 97527


LISTED BY: JASON WAXBERG

Equity Pacific is pleased to announce the listing of the Fountain Park Cottages, a charming 12 cottage complex in Grants Pass, Oregon, for $1,375,000. The cottages are located approximately four miles from downtown Grants Pass and less than a mile from the beautiful Rogue River. 

Fountain Park is currently rented year round and has a historically low vacancy rate. Over half of the cottages have been renovated and comprise one (1) 3BR/1BA unit, one (1) 2BR/1BA unit, and ten (10) 1BR/1BA units. This investment property has stable income, low property taxes, on-site laundry and rent upside. 

LOCATION

 

Grants Pass is located in Josephine County just off of Interstate 5 in the Rogue Valley, and has a population of approximately 35,000. The Rogue River runs through the city and is famous for its rafting and natural beauty.

Other attractions include the Oregon Caves National Monument and the Rogue River Siskiyou National Forest, one of the largest wilderness areas in the West.

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$1,100,000

Vacant - Owner/User/Retail
1111 E. Powell Boulevard, Gresham, OR 97030

LISTED BY: JASON WAXBERG

PROPERTY

 

The subject property was built in 1945 and is situated on a 32,000 SF Lot. The main level is 8,370 SF and the basement level is a 2,592 SF. Recent upgrades include a new roof, interior and exterior paint, updated HVAC systems, updated fire alarm systems, electrical, lighting and finish work. There are 34 on-site parking spaces and an ADA restroom.

The subject property is zoned DCL which allows for various uses. The building is currently vacant and has two addresses & two entrances. This property provides an opportunity to use as one contiguous space or can be divided easily into three or more leasable spaces.

The subject property is located at 1111 E Powell Blvd., near Historic Downtown Gresham. Gresham is the fourth largest city in Oregon with a population of 109,397 based on the 2013 census. The subject property is within walking distance to historic downtown Gresham. Downtown Portland is directly east of Gresham and approximately 20 minutes from the subject property by car. The subject property is within walking distance to Fred Meyer and less than one mile south of Mt. Hood Community College.