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2014 SE 11th Ave
Portland, OR 97214
Abernethy Flats · Multifamily Property For Sale
·
35 Units
Investment Highlights
- Recently Stabilized, Core+ Assets: Offering a turn-key investment opportunity
- Portfolio Allows for Management Efficiencies: 1.5-mile proximity allows for sharing of on-site management, maintenance personnel
- WALKER’S/BIKER’S PARADISE: 92-96 WALK SCORE, 100 BIKE SCORE
- Strong Lease Trade-Outs on Turnover: Initial rent levels discounted along with concessions to facilitate lease-up
- Close-In SE Portland: Bustling SE Division Corridor and Historic Ladd’s Addition benefit from growth away from downtown core
- Retail & Live/Work Component at Abernethy Flats: Provides additional NOI streams
Property Facts
| No. Units | 35 | Lot Size | 0.23 AC |
| Property Type | Multifamily | Building Size | 25,452 SF |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | A | Year Built | 2019 |
| Zoning | EX - Allows for a high-intensity, flexible mix of commercial, light-industrial, and residential uses, particularly within the Central City and Gateway Regional Center | ||
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.23 AC |
| Building Size | 25,452 SF |
| Average Occupancy | 94% |
| No. Stories | 4 |
| Year Built | 2019 |
| Zoning | EX - Allows for a high-intensity, flexible mix of commercial, light-industrial, and residential uses, particularly within the Central City and Gateway Regional Center |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Bicycle Storage
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 35 | - | 459 - 819 |
Property Taxes
| Parcel Number | R276152 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,425,290 |
Property Taxes
Parcel Number
R276152
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,425,290
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