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1410-1420 SW Bertha Blvd
Portland, OR 97219
Cloverleaf Apartments · Multifamily Property For Sale
·
40 Units
Investment Highlights
- Value-add opportunity for new owner to upgrade units and increase rents while controlling expenses.
- Desirable unit mix of one and two bed units.
- Strong rental submarket with low vacancy and high rent growth.
- Current average rents are approximately 15% below market rates.
- Potential to partition off extra land and sell as a development site.
- Turn-key opportunity as Cloverleaf is 95% leased with solid historical occupancy.
Property Facts
| No. Units | 40 | Lot Size | 2.26 AC |
| Property Type | Multifamily | Building Size | 37,780 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1965 |
| Zoning | R2 | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.26 AC |
| Building Size | 37,780 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1965 |
| Zoning | R2 |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Garden
Site Amenities
- 24 Hour Access
- Controlled Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $1,275 | 675 |
| 2+1 | 31 | $1,413 | 715 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $2,346,360 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,346,360
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