16405 E Burnside St | Portland, OR 97233
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- LoopNet Team
16405 E Burnside St
Portland, OR 97233
Trymax Apartments · Multifamily Property For Sale
·
42 Units
INVESTMENT HIGHLIGHTS
- Strong 2br/1ba unit mix with Washer/Dryers in unit
- Extensively renovated asset (New Siding, Windows, Roofs, Paint, Interior upgrades)
- Operational Value-Add Opportunity
- Significant upside in the rents (15-20%), with ability to implement RUBS in the future
- Low vacancy in recent years (estimated 1-2%)
PROPERTY FACTS
| No. Units | 42 | Lot Size | 1.72 AC |
| Property Type | Multifamily | Building Size | 36,160 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1992 |
| Zoning | SC | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.72 AC |
| Building Size | 36,160 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1992 |
| Zoning | SC |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Washer/Dryer Hookup
- Heating
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 42 | $1,351 | 827 |
PROPERTY TAXES
| Parcel Number | R249726 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,006,660 |
PROPERTY TAXES
Parcel Number
R249726
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,006,660
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