Equity Pacific is pleased to announce the sale of the Mt. Tabor View Apartments located at 22 SE 80th Avenue in Portland, OR. The property sold for $2,825,000 ($122,826 per unit and $170 per SF).
The Mt. Tabor View Apartments were built in 1968. This investment property comprises eleven 2BR/1BA apartments of approximately 833 square feet and twelve 1BR/1BA apartments of approximately 611 square feet. Unit interiors feature a mixture of carpet and vinyl flooring. The property features 16 garages and 13 storage lockers rented for additional income. Tenants are billed back for water and sewer.
The Mt. Tabor View Apartments are situated in the Montavilla neighborhood of SE Portland. Montavilla features several well known bars and restaurants, such as The Country Cat and Roscoe’s, as well as a popular movie theater, the Academy Theater.
The new owners intend to continue to make improvements to the apartments to achieve top of the market rents.
Chuck Brazer represented the buyer to the transaction.
22 SE 80th Avenue | Portland, Oregon 97215