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- LoopNet Team
3442-3450 SE Belmont St
Portland, OR 97214
Belmont Street Lofts · Multifamily Property For Sale
·
27 Units
INVESTMENT HIGHLIGHTS
- Heavy foot traffic area with over 400,000 people within 5 miles.
- Seller financing available with excellent terms
- Sliding windows to the street and available patio seating
- Contemporary building with modern finishes in good condtion
EXECUTIVE SUMMARY
The Belmont Street Lofts were completed in 2005 and won multiple awards for design and architectural style. Both retail spaces are street level facing Belmont and are in excellent condition. The HOA for the project is solid financially with an updated reserve study. The sliding windows that open to the street are beneficial in today's CV-19 world. The space is flexible for future uses should a change in tenants occur. One of Portland's strongest and more desirable neighborhoods! New hair salon in Spring 2021! Tenant paid improvements! New 5 year lease with 3% bumps as well as any increases in taxes and insurance.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Freezer
- Island Kitchen
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Storage Space
