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Burnside 4-Plex

Burnside 4-Plex

https://www.josephbernard.net/burnside-4plex
Address:
2126 E Burnside Street, Portland, Oregon 97214
Price:
$625,000
Units:
4
Price per unit:
$156,250
Cap Rate:
5.10%
Year Built:
1906

Highlights

  • Common Area Backyard for Tenant Enjoyment
  • Laundry Facilities & Two Garages = Extra Income
  • Sizeable Kitchens & Walk-In Closets
  • Large Units with Bonus Dens
  • Upgraded Hardwood Floors
  • Beautiful Vintage Property
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Burnside 4-Plex

Summary

This beautiful vintage property is perfectly located within the heart of the inner eastside Buckman District, next door to award winning restaurant Luce and Heart Coffee Shop. The turnkey property features upgraded hardwood floors, sizeable kitchens, and large units with bonus dens and walk-in closets. The property also has laundry facilities and two garages that generate substantial income, and includes a common area backyard for tenants to enjoy.

Highlights

  • Common Area Backyard for Tenant Enjoyment
  • Laundry Facilities & Two Garages = Extra Income
  • Sizeable Kitchens & Walk-In Closets
  • Large Units with Bonus Dens
  • Upgraded Hardwood Floors
  • Beautiful Vintage Property
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Burnside 4-Plex

The Buckman neighborhood is in a great location as it is in close proximity to some of Portland's most hip and popular neighborhoods such as Kerns, Laurelhurst, and Belmont. Residents have plenty of independent retail, coffee, pub and dining options just a stones throw away in most cases across several adjoining neighborhoods. Buckman's Hawthorne District is one of the most unique, and most popular areas in Southeast Portland. The area is known for its wonderful restored old Portland homes, liberal residents, and fun and funky feel. The street is lined with unique restaurants and shops, and has a definite Portland-local flair. (PortlandNeighborhood.com)

The Portland rental market is ranked #4 in the country in terms of apartment rent growth, according to Axiometrics, Inc., a provider of data and analysis on the multi-family housing sector. 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.

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Burnside 4-Plex

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Burnside 4-Plex

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Burnside 4-Plex

Document Title Document Type
Property Flyer Adobe PDF
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Burnside 4-Plex

Bernard Gehret
bgehret@josephbernard.net
Joseph Bernard, LLC
5200 S Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax