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Browse More Listings in Multifamily For Sale, Portland, OR or Oregon

Multifamily Property For Sale

$250,000 Price Reduction! Bring All Offers!

2345 SE 135th Avenue, Portland, OR 97223

Price:
$1,725,000
No. Units:
30
Building Size:
27,360 SF
Price/Unit:
$57,500
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
7.03%
Gross Rent Multiplier:
6.65
Find Out More...

Last Verified 11/3/2009 Listing ID 16456450

Description

The Fantasy Apartments is a 30-unit apartment community composed of 12 one-bedroom units, 14 three-bedroom townhouse units and four two-bedroom townhouse units. Located just off of SE Division Street, Fantasy Apartments is well located between Gresham and close-in Southeast Portland.

Residents at Fantasy have easy access to public transportation and the major thoroughfare off Division for a convenient commute to downtown Portland. Within walking distance is David Douglas High School and Lincoln Park. Just blocks away is 122nd Avenue with numerous restaurants and other retail shopping services.

Experiencing positive growth, the East side is revitalizing its area with a new development Cultural Market Place, a 6.5 acre multi-use lifestyle center which will provide retail, office and condominiums. With virtually no new construction product coming on-line, a new owner will realize solid, stable returns for years to come.

Portland, Oregon

Financial Summary

Actual
Net Operating Income
$121,267.50

Map of 2345 SE 135th Avenue, Portland, OR 97223 (Multnomah County)

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Presented by

Marcus & Millichap

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Contact Listing Broker

Ira Virden (503) 200-2000

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Created 11/3/2009

Additional Information for 2345 Se 135th Avenue, Portland, OR 97233

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - $250,000 Price Reduction! Bring All Offers!

2345 SE 135th Avenue, Portland, OR, 97223