Equity Pacific is pleased to announce the sale of the 4-Plex located at 5121 SW 62nd Ave in Portland, Oregon which sold for $750,900 ($187,725 per unit and $192 per SF).
Built in 1986 this investment property comprises four (4) 2BR/1.5BA townhouse style units that average approximately 980 SF. Each apartment features Washer/Dryer hook-ups, wood burning fireplace and a dishwasher. All of the apartments feature electric appliances and are individually metered for electricity.
This property is situated across from the new Harold Schnitzer Health & Rehabilitation Center, and is only minutes away on foot or by car from a variety of supermarkets, retail stores, coffee shops, bars, and popular restaurants.
The new owners intend to continue to make improvements to the apartments to achieve top of the market rents.
Jason Waxberg represented the buyer, and Benjamin Ficker represented the seller on this transaction.
5121 SW 62nd Ave | Portland, Oregon 97221