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Chelsea Manor

Chelsea Manor

http://www.josephbernard.net/chelsea-manor
Address:
4039 SE Holgate Blvd, Portland, Oregon 97202
Price:
$3,600,000
Units:
20
Price per unit:
$180,000
Cap Rate:
4.60%
Year Built:
1977

Highlights

  • Well maintained, good condition
  • One ownership group since 1977
  • Property owned laundry machines
  • 20 off-street parking spots
  • Strong tenant base
  • Fantastic, close-in SE Holgate location
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Chelsea Manor

Summary

The Chelsea Manor Apartments features twenty, well maintained units with a strong ownership history. Purchased from the developer, the property has had one ownership group since completion in 1977. The unit mix is apprised of two, one-bedroom units and eighteen, two-bedroom units. The Chelsea Manor has a laundry room with two pairs of property owned washers and dryers, a storage shed, a storage room for maintenance materials and includes 20 off-street parking spots. The property is well maintained, with room to increase rents as units are upgraded. The Chelsea Manor is a unique offering on the market with strong street appeal, operations, and tenant base.

Highlights

  • Well maintained, good condition
  • One ownership group since 1977
  • Property owned laundry machines
  • 20 off-street parking spots
  • Strong tenant base
  • Fantastic, close-in SE Holgate location

Chelsea Manor

SE Holgate Blvd/SE 42nd Ave

Chelsea Manor

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Chelsea Manor

Document Title Document Type
Property Flyer Adobe PDF

Chelsea Manor

Bernard Gehret
bgehret@josephbernard.net
Joseph Bernard, LLC
5200 SW Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
503.546.9395 Fax