<< Back to Property Search
Sold

2448 SE 117th Avenue

2448 SE 117th Avenue

https://www.josephbernard.net/2448_17th
Address:
2448 SE 117th Avenue, Portland, Oregon 97216
Price:
$500,000
Units:
7
Price per unit:
$71,429
Cap Rate:
6.84%
Year Built:
1938

Highlights

  • Located on Bus Route & Close to Freeways.
  • 6 Units Plus a 3 BD / 2 BA Home on One Tax Lot.
  • Home Features New Interior Paint, Carpet, Vinyl Windows, Appliances, & Air Conditioning.
  • Apartments Have a Strong Rental History.
  • Little or No Deferred Maintenance.
Get More Information

Please fill out the fields below to receive further information about 2448 SE 117th Avenue


Sold

2448 SE 117th Avenue

Summary

This seven unit complex is comprised of a six unit building plus a three bedroom, two bathroom home on one tax lot.  The home has new interior paint, carpeting, vinyl windows, appliances, and air conditioning. The apartments were built in 2003 are in great condition.  They have a strong rental history, and are rarely vacant.  The property is located on the TRIMET busline and is near I-205 giving tenants easy access to the rest of the city.  Nearby businesses and employers include numerous local shops, restaurants, cafes, bars, and retail such as Les Schwaub and Payless Shoes

Highlights

  • Located on Bus Route & Close to Freeways.
  • 6 Units Plus a 3 BD / 2 BA Home on One Tax Lot.
  • Home Features New Interior Paint, Carpet, Vinyl Windows, Appliances, & Air Conditioning.
  • Apartments Have a Strong Rental History.
  • Little or No Deferred Maintenance.
Sold

2448 SE 117th Avenue

This complex is located off SE Division Street on SE 117th Avenue in the Mill Park neighborhood of SE Portland, Oregon.  Mill Park boasts many parks and has an abundance of shopping and diniing opportunities along its main roads.  According to Portlandconnected.com, the streets in Mill Park are "...serene and lined with tall firs and tidy homes.  Great values are to be found in this modest, yet lovely, community."  For the second year in a row, Multnomah County Library is ranked number two in Hennen's American Public Library Ratings.  Mill Park is served by the Midland branch of the Multnomah County Library.

In 2008 Money Magazine named Portland one of the "Top 10  Places to Live".  Portland is also well known for its strong land-use planning and investment into public transportation.  Some of the larger Portland employers include Nike, Columbia Sportswear, Tektronix, Precision Castparts Corp, and Mentor Graphics Corp.

Sold

2448 SE 117th Avenue

10301-10317 NE Oregon Street
10301-10317 NE Oregon Street, Portland, Oregon, 97220
josephbernard
Price: $700,000 Units: 9 Price per Unit: $77,778 Cap Rate: 7.33%
12021 SE Foster Road
12021 SE Foster Road, Portland, Oregon, 97266
josephbernard
Price: $690,000 Units: 10 Price per Unit: $69,000 Cap Rate: 0.00%
12606-12620 E Burnside Street
12606-12620 E Burnside Street, Portland, Oregon, 97233
josephbernard
Price: $560,000 Units: 8 Price per Unit: $70,000 Cap Rate: 7.27%
Kelly Grey
2332 SE 121st Avenue, Portland , Oregon, 97216
josephbernard
Price: $550,000 Units: 6 Price per Unit: $91,667 Cap Rate: 0.00%
Pioneer Plaza Apartments
11351 NE Glisan Street, Portland, Oregon, 97220
josephbernard
Price: $510,000 Units: 9 Price per Unit: $56,667 Cap Rate: 0.00%
Amber East
12550 SE Powell Boulevard, Portland, Oregon, 97236
josephbernard
Price: $495,000 Units: 9 Price per Unit: $55,000 Cap Rate: 4.58%
12003 SE Oak Street
12003 SE Oak Street, Portland, Oregon, 97216
josephbernard
Price: $375,000 Units: 5 Price per Unit: $75,000 Cap Rate: 0.00%
2703 SE 125th Avenue
2703 SE 125th Avenue, Portland, Oregon, 97236
josephbernard
Price: $0 Units: 10 Price per Unit: $0 Cap Rate: 0.00%
Sold

2448 SE 117th Avenue

image
image
image
image
image
image
image
image
image
image
image
image
image
image
Sold

2448 SE 117th Avenue

Document Title Document Type
Property Flyer Adobe PDF
Sold

2448 SE 117th Avenue

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