2020 Building 2020 SW Salmon St 55 Unit Apartment Building For Sale 5.25% Cap Rate Portland, OR 97205
EXECUTIVE SUMMARY
-CALL OR EMAIL FOR PRICING GUIDANCE
-One of Portland's Most Established Historic Neighborhoods - Goose Hollow / King's Hill
-Excellent Public Transit & Walkability: 96 "Walker's Paradise, 86 "Very Bikeable"
-One Block Removed from Multnomah Athletic Club (MAC) & Providence Park
-Iconic Mid-Century Mid-Rise Apartment Building w/ Off-Street Parking
-Diverse unit mix offering a variety of floorplans, many units with stunning views & spacious decks
-$1.7M+ Spent on Extensive Capital Expenditures & Maintenance in the Recent Term
-Building Amenities Include : Off-Street Parking, Management Office, Exercise Center, & Rooftop Deck w/ Terrace
-One of Portland's Most Established Historic Neighborhoods - Goose Hollow / King's Hill
-Excellent Public Transit & Walkability: 96 "Walker's Paradise, 86 "Very Bikeable"
-One Block Removed from Multnomah Athletic Club (MAC) & Providence Park
-Iconic Mid-Century Mid-Rise Apartment Building w/ Off-Street Parking
-Diverse unit mix offering a variety of floorplans, many units with stunning views & spacious decks
-$1.7M+ Spent on Extensive Capital Expenditures & Maintenance in the Recent Term
-Building Amenities Include : Off-Street Parking, Management Office, Exercise Center, & Rooftop Deck w/ Terrace
DATA ROOM Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
PROPERTY FACTS
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 55,885 SF |
| Average Occupancy | 87% |
| No. Stories | 8 |
| Year Built | 1963 |
| Parking Ratio | 0.55/1,000 SF |
| Cross Streets | sw 20th ave |
| Zoning | RHd, Portland |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Refrigerator
- Oven
- Views
- Patio
- Smoke Free
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Roof Terrace
- Bicycle Storage
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,235 | 275 - 400 |
| 1+1 | 40 | $1,486 | 587 - 646 |
| 2+1 | 13 | $1,863 | 742 - 856 |
1 of 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (81)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | R105806 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,059,320 |
