Investment Real Estate - Portland, Oregon - Property Detail

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Missouri Apartments

https://www.josephbernard.net/missouri-apartments

Address:: 5520 N Missouri Ave, Portland, Oregon 97217

Price:: $1,630,000

Units:: 10

Price per unit:: $163,000

Cap Rate:: 5.32%

Year Built:: 2004

Highlights

Newer construction
New exterior paint
Strong rents in place
Ample street parking
Central location blocks from Mississippi Ave

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Missouri Apartments

Summary

New exterior paint, new doors and revamped grounds. Excellent location in the Humboldt neighborhood, considered a Walker's Paradise (91 out of 100) and a Biker's Paradise (100 out of 100) by walkscore.com. Walking distance to various restaurants and located just two blocks from the Portland Community College Cascade campus. Newer construction with an upside on rents.