Equity Pacific is pleased to announce the sale of two rental units located at 2410 SE Morrison Street, which has sold for $770,000 ($385,000 per unit and $359 per SF).
Our client wanted new construction in a great neighborhood, and was looking to complete a 1031 tax deferred exchange. We’ve helped dozens of clients complete 1031 exchanges, so we prepared a strategy to get the property under contract and worked closely with their lender and 1031 intermediary through to a successful closing.
Built in 2017, the subject property comprises one large 4BR/2.5BA unit of approximately 1,637 square feet, and one ADU 1BR/1BA unit of approximately 507 square feet. The apartments are modern with open concept floor plans. Each unit features stainless steel appliances, wood floors and a washer & dryer.
This investment property is situated in the Buckman neighborhood of close-SE Portland within walking distance of many popular restaurants and retail stores along Hawthorne and Belmont streets.
Jason Waxberg represented the buyer to the transaction.
2410 SE Morrison Street | Portland, OR 97214