1904 Se 80th Ave
Portland,
OR
97215
Property Details
List Price: |
$2,450,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
8231 |
Agency: |
Realty NET |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1966 |
Notes: |
The Tabor Villa Apartments represent a unique opportunity to acquire a turn-key & stabilized asset in the well performing central Southeast Portland sub-market. The property is comprised of 11 units, and is well situated in a quiet residential setting, making for serene living for the residents. Located in the Montavilla neighborhood, near local colleges (Warner Pacific & PCC) and just blocks from the popular amenities along the hubs of SE Portland, Hawthorne, Division, etc, the property appeals to a broad tenant base. The community features single level, modernized apartments with spacious floor plans, and on-site parking. The community underwent a complete transformation in 2022 on both the interior & exterior, with each unit featuring new cabinets, flooring, paint, quartz countertops, SS appliances and various touches throughout.The property was leased up at strong rental rates in 2022 & 2023, allowing the opportunity for an investor to step in and reap the benefits of a stabilized investment with strong cash flow day 1. The investment also provides additional upside as units re-lease during more favorable leasing months (Spring/Summer), and as the community transitions to a tenant utility bill back system which is currently in motion ( 5 out of 11 units are now on the new system, and the income should continue to increase as more units are added). A truly unique & quality investment opportunity, with the upgrades in place to meet the demands of today's renters. |
MlsNumber: |
24322040 |
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Listing Provided By: |
Realty NET, original listing |
Name: |
Realty NET |
Phone: |
(503) 300-6330 |
Office Name: |
RealtyNET, LLC |
Office Phone: |
(503) 300-6330 |
Agent Name: |
Greg Messick |
Disclaimer: |
Copyright © 2024 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |