Equity Pacific is pleased to announce the sale of the 12-Unit Ash Street Apartments located at 11940 SE Ash Street in Portland, OR. The property sold for $1,365,000 ($113,750 per unit and $132 per SF). The Ash Street Apartments were constructed in 2009. The building is three-story wood-frame with hardiplank siding and double paned vinyl windows.
The property comprises all 2BR/1BA apartments of approximately 860 SF and presents solid rent upside for a new investor. All units offer spacious floor plans with large kitchens, breakfast bar, ample storage and full size washer/dryer hookups. All units feature electric hot water and electric forced-air cadet style heating systems and are separately metered for electricity. In addition, all units on all floors including exterior entryways are equipped with a sprinkler system.
Chuck Brazer represented the seller to the transaction.
11940 SE Ash Street | Portland, Oregon 97216