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1205-1215 NW Portland Ave
Bend, OR 97703
The Rapids on Portland · Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.67 AC |
| Property Type | Multifamily | Building Size | 13,824 SF |
| Property Subtype | Apartment | Average Occupancy | 87% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built | 1973 |
| Zoning | RM | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.67 AC |
| Building Size | 13,824 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1973 |
| Zoning | RM |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Yard
- Deck
- Dining Room
- Mud Room
- Patio
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Grill
- Pet Play Area
- Recycling
- Walking/Biking Trails
- Maintenance on site
- Key Fob Entry
ABOUT 1205-1215 NW PORTLAND AVE , BEND, OR 97703
Development potential, and great investment opportunity for this Westside 16-plex that has already been condominiumized. Lots of blue sky here with current rents averaging only $725 for 2/1.5 units. Estimates as-is are $1000-$1100 and Sale per unit as-is are $210,000-$250,000. Seller has approximately $100,000 in design work to upgrade the units from 2006 available with an offer. Current cap rate is using actual numbers, with just increasing rents to low market rate would create a 6.4%. The highly desirable Lower Westside of Bend. Buildings are 4 units per building townhome style on a slightly sloping parcels to allow for at least some skyline views. On the way to COCC or near the new OSU campus and only a block away from Newport Market/Devores/Chow
