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Greenburg Townhomes

Greenburg Townhomes

http://www.josephbernard.net/greenburg-townhomes
Address:
11445 SW Greenburg Rd, Tigard, Oregon 97223
Price:
$1,280,000
Units:
8
Price per unit:
$160,000
Cap Rate:
4.84%
Year Built:
1967

Highlights

  • Spacious townhome style units
  • Large lot with green space
  • Historically low vacancy
  • Located 1 mile from Washington Square Mall and many other amenities in the Tigard and SW Portland market
  • Rare chance to purchase a small apartment community in Tigard
  • Opportunity for Buyer to increase rents and reposition the property
  • Centrally located with easy access to 217 & 99W
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Greenburg Townhomes

Summary

The Greenburg Townhomes are located in the strong sub-market of Tigard, Oregon and are comprised of 8 large townhome style units. Each apartment features 2 bedrooms and 1.5 baths, with spacious floor plans. Tenants benefit from a unique over sized lot of nearly half an acre, with ample usable green space. The property has been well maintained, and has experienced low historical vacancy. A buyer benefits from a stabilized asset, with the immediate ability to raise rents moving forward. (Multi-Family NW reports an average rent per sq. foot of $1.49 in the Tigard sub-market in 2018, along with an average vacancy rate of 3.36% for 2BR townhomes).

Highlights

  • Spacious townhome style units
  • Large lot with green space
  • Historically low vacancy
  • Located 1 mile from Washington Square Mall and many other amenities in the Tigard and SW Portland market
  • Rare chance to purchase a small apartment community in Tigard
  • Opportunity for Buyer to increase rents and reposition the property
  • Centrally located with easy access to 217 & 99W

Greenburg Townhomes

SW Greenburg Rd/SW 98th Ave

Greenburg Townhomes

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Greenburg Townhomes

Document Title Document Type
Property Flyer Adobe PDF

Greenburg Townhomes

Phillip Barry
pbarry@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