Cleveland Colonial Apartments |
Sold |
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Cleveland Colonial Apartments
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josephbernard.net/cleveland_colonial
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Address:
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800-820 NE 4th Street
Gresham, OR 97030 |
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Price:
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$710,000 |
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Units:
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10 |
| Square Feet: |
10,160 |
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Price per Unit:
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$71,000 |
| Price per Sq Ft: |
$69.88 |
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Cap Rate:
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7.02%
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| Year Built: |
1969 |
Highlights
- Hardwood Floors in Bedrooms
- Well Maintained - Strong Rental History
- Located Blocks from Downtown Gresham
- Beautiful Brick & Wood Building
- Off-Street Parking
- Charming Bay Windows
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Invest in your security! The Cleveland Colonial Apartments are a beautiful single story brick and wood building located blocks from downtown Gresham. Owned by a single family for nearly forty years, the property is well maintained with a strong rental history of quality long-term tenants. This pride of ownership building features two and three bedroom units, hardwood floors in the bedrooms, off-street parking and charming bedroom bay windows. The ownership’s philosophy of retaining quality tenants with strict rental criteria has created a safe and comfortable living environment for the tenants. There is significant upside to the rents due to the renter-friendly philosophy of low rents and low turnover.
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