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The Drake Apartments

The Drake Apartments

http://www.josephbernard.net/the-drake-apartments
Address:
2308-2326 SW Osage St, Portland, Oregon 97205
Price:
$2,250,000
Units:
12
Price per unit:
$187,500
Cap Rate:
5.68%
Year Built:
1904

Highlights

  • Rare Kings Hill investment opportunity
  • Spacious units with vintage charm
  • City and mountain views in select units
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The Drake Apartments

Summary

Incredible Kings Hill location, with city and mountain views of downtown Portland. The Drake Apartments is comprised of 12 units, and presents an investor with a unique opportunity to capitalize on the continued growth of the downtown Portland apartment market. Units are spacious and feature period charm, various upgrades throughout, and select units with views. The majority of the units are separately metered for water/sewer, gas, and electric - providing critical cost savings to an investor. Some parking is available on-site, with the ability to potentially add more spaces (buyer to verify). Irreplaceable Kings Hill location, which will continue to reap the benefits of the growing Portland market.

Highlights

  • Rare Kings Hill investment opportunity
  • Spacious units with vintage charm
  • City and mountain views in select units

The Drake Apartments

SW Osage St/SW Green Ave

Located one block off of W Burnside St

The Drake Apartments

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The Drake Apartments

Document Title Document Type
Property Flyer Adobe PDF

The Drake Apartments

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