Investment Real Estate - Portland, Oregon - Property Detail

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Emma Manor

https://www.josephbernard.net/emma-manor

Address:: 7934 SW Barbur Blvd, Portland, Oregon 97219

Price:: $1,475,000

Units:: 10

Price per unit:: $147,500

Cap Rate:: 5.88%

Year Built:: 1942

Highlights

Central SW Portland location, 3 miles from downtown Portland
Many recent upgrades to the interior/exterior
Stabilized investment opportunity, with room for rent growth
Ample parking
Garage rentals and storage on site

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Emma Manor

Summary

The Emma Manor Apartments is located in SW Portland, just 3 miles from downtown Portland. Built in 1942, the property features cottage style apartments in a community like setting. The property is comprised of (7) 1BR/1BA units, (2) 2BR/1BA units and (1) 3BR/1.5BA unit, along with on-site garage and storage rentals. All units have been upgraded. A new owner benefits from a stabilized asset in a strong sub-market with nearby projects that will continue to enhance the neighborhood (The Southwest Corridor Plan).