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Portsmouth Ave 8-Plex

Portsmouth Ave 8-Plex

http://www.josephbernard.net/portsmouth-ave-8-plex
Address:
7816 N Portsmouth Ave, Portland, Oregon 97203
Price:
$820,000
Units:
8
Price per unit:
$102,500
Cap Rate:
6.67%
Year Built:
1910

Highlights

  • Located 1/2 mile from the University Park New Seasons
  • Storage units and laundry in unfinished basement
  • Off-street parking in rear of building
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Portsmouth Ave 8-Plex

Summary

This vintage 8 unit is a perfect "value-add" which is nearly impossible to find in Portland these days! The property features six studios and two one-bedroom units, all below market rental rates. In 2016, seller installed new water main line from the street to the building (plus associated valves to kitchens and baths).

Highlights

  • Located 1/2 mile from the University Park New Seasons
  • Storage units and laundry in unfinished basement
  • Off-street parking in rear of building

Portsmouth Ave 8-Plex

N Portsmouth Ave between N Lombard St & N Willis Blvd

Located just blocks from Columbia Park

Portsmouth Ave 8-Plex

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Portsmouth Ave 8-Plex

Document Title Document Type
Property Flyer Adobe PDF

Portsmouth Ave 8-Plex

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