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Goodrick Spencer Apartments

Goodrick Spencer Apartments

https://www.josephbernard.net/Goodrick-Spencer-Apartments
Address:
608-624 NE 87th Ave, Portland, Oregon 97220
Price:
$3,750,000
Units:
23
Price per unit:
$163,043
Cap Rate:
6.99%
Year Built:
2003
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Goodrick Spencer Apartments

Summary

Great Montavilla location, adjacent to Bible College. 2003 year built property features spacious 2 bd/1 ba units, with immaculate laundry room and off-street parking. Very well maintained, vinyl windows, has been utilized for Bible College students (all rental leases expire on 5/31/2017). Seller prefers to sell in conjunction with adjacent 52 unit property. Marketing pro forma contains only market rents due to seller providing below market rents to tenants, all financials available with accepted offers. 

Goodrick Spencer Apartments

Goodrick Spencer Apartments

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Goodrick Spencer Apartments

Document Title Document Type
Property Flyer Adobe PDF

Goodrick Spencer Apartments

Bernard Gehret
bgehret@josephbernard.net
Joseph Bernard, LLC
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax