NE 80th Avenue 9 Units
NE 80th Avenue 9 Units
https://www.josephbernard.net/NE-80th-9-Units- Address:
- 2150-2208 NE 80th Avenue, Portland, Oregon 97213
- Price:
- $877,500
- Units:
- 9
- Price per unit:
- $97,500
- Cap Rate:
- 4.58%
- Year Built:
- 1958
Highlights
- Two Tax Lots (4 Unit and 5 Unit)
- Immediate Rental Upside
- One Block from Rose City Golf Course
- Single Level
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NE 80th Avenue 9 Units
Summary
Opportunity to own a building with 1950’s charm, comprised of large 2BR units just a block from Rose City Golf Course. All units are single level, and the units are situated on two tax lots (Four-Plex & Five-Plex) to provide flexibility down the road for a future owner. The property presents an investor with strong upside opportunity with current rents in place well below market. The latest re-rent in the building in April 2015 rented for $1,049. Various upgrades throughout the past few years, and a great opportunity for a buyer with a strong management system in place to capitalize on this improving sub-market.
Highlights
- Two Tax Lots (4 Unit and 5 Unit)
- Immediate Rental Upside
- One Block from Rose City Golf Course
- Single Level
NE 80th Avenue 9 Units
This property is in the Madison South Neighborhood in Northeast Portland. Residents of Madison South enjoy immediate access to great urban hiking on Rocky Butte and inexpensive dining and entertainment on NE 82nd Avenue, the community’s western border. Madison South is located in Northeast Portland. It is bordered by the Roseway, Sumner,Cully, Parkrose, Montavilla, Rose City Park, and Maywood Park neighborhoods. The neighborhood roughly conforms to the boundaries of Interstate 84 to the south, Interstate 205 to the east, Rose City Golf Course to the north, and 65th Avenue to the west.
NE 80th Avenue 9 Units
NE 80th Avenue 9 Units
Document Title | Document Type |
---|---|
Property Flyer | Adobe PDF |
NE 80th Avenue 9 Units
Phillip Barry
pbarry@josephbernard.net5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax