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Albina Gardens

Albina Gardens

https://www.josephbernard.net/albina-gardens
Address:
5922 N Albina Avenue, Portland, Oregon 97217
Price:
$860,000
Units:
8
Price per unit:
$124,375
Cap Rate:
4.93%
Year Built:
1926

Highlights

  • Easy I-5 Access
  • Located just a few blocks from PCC Cascade Campus
  • Some Hardwood floors
  • Storage space available for tenants
  • Community Raised Beds for gardening
  • Bike Storage
  • On-site Laundry Facility
  • Classic turn of the century building, with historic charm
  • Half a block from Peninsula Park
  • Close in North Portland
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Albina Gardens

Summary

The Albina Gardens Apartments are well located in North Portland, just half a block from Peninsula Park & Mississippi Ave. 3 out of the 8 units have been extensively rehabbed in 2015, providing huge upside for a future owner to renovate the remaining units, and raise rents further. The building has vintage charm with a low-maintenance tax lot, and very low property taxes.  Rare opportunity to buy in expanding North Portland apartment market.

Highlights

  • Easy I-5 Access
  • Located just a few blocks from PCC Cascade Campus
  • Some Hardwood floors
  • Storage space available for tenants
  • Community Raised Beds for gardening
  • Bike Storage
  • On-site Laundry Facility
  • Classic turn of the century building, with historic charm
  • Half a block from Peninsula Park
  • Close in North Portland
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Albina Gardens

Portland's Humboldt neighborhood is bordered by Overlook, Piedmont, King and Boise neighborhoods. The Humboldt neighborhood is also extremely close to the Max line on the other side of Interstate and is well connected to many bus routes. Bicycle commuting to downtown and beyond is easy and convenient thanks to a bike lanes which are seemingly on every street. The Humboldt neighborhood in Portland can probably best be described as young, urban and hip. The streets are busied with bike traffic, foot-traffic and buses cruising by every few minutes. This area is a hot-spot for the 20-30ish Portland crowd looking for easy access to downtown and the ever-cool Boise neighborhood which is known to most as "Mississippi" due to its most popular and populated street, Historic Mississippi Ave.

 

 
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Albina Gardens

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Albina Gardens

Document Title Document Type
Property Flyer Adobe PDF
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Albina Gardens

Phillip Barry
pbarry@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