MULTI-FAMILY INVESTMENT PROPERTY
4522 - 4624 SE 29th Avenue, Portland, Oregon 97202
LISTED BY: JASON WAXBERG
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.