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The Burgess Apartments

The Burgess Apartments

https://www.josephbernard.net/burgess
Address:
2051 NW Lovejoy Street, Portland, Oregon 97210
Price:
$1,850,000
Units:
15
Price per unit:
$123,333
Cap Rate:
4.59%
Year Built:
1927

Highlights

  • Well maintained, Turn-key
  • Located along street car line
  • New Roof in 2014
  • Ability to enact utility bill back system
  • Immediate rental upside
  • A+ Location in NW Portland
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The Burgess Apartments

Summary

This property is located in a prime, northwest Portland location, right along the street car line. It features a new roof, and has been well-maintained.

Highlights

  • Well maintained, Turn-key
  • Located along street car line
  • New Roof in 2014
  • Ability to enact utility bill back system
  • Immediate rental upside
  • A+ Location in NW Portland
Sold

The Burgess Apartments

Northwest Portland is one of Portland' s most desired neighborhoods. It is very close to downtown, so one can easily take public transportation, ride a bike, or even walk there. The location is also convenient to the nearest highways, making commuting a breeze. Northwest contains a mix of Victorian-era homes and apartment buildings, all with great charm and character. It also offers a large variety of shops, restaurants, bars and cafes along NW 21st and 23rd Avenues.
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The Burgess Apartments

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The Burgess Apartments

Phillip Barry
pbarry@josephbernard.net
Joseph Bernard, LLC
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax