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Cesar Chavez 11-Unit

Cesar Chavez 11-Unit

https://www.josephbernard.net/cesar_chavez
Address:
3803 SE Cesar E Chavez Blvd, Portland, Oregon 97202
Price:
$1,035,000
Units:
11
Price per unit:
$94,091
Cap Rate:
6.78%
Year Built:
1980

Highlights

  • New Siding, Windows, & Doors
  • On-Site Laundry & Washer/Dryer Hookups
  • Four 2-Car Garages
  • Excellent Close-In Location
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Cesar Chavez 11-Unit

Summary

Pride of ownership! This close-in eleven unit property features a great mix of large one, two, and three bedroom units. There are four 2-car garages, washer/dryer hookups, and on-site laundry. Capital improvements include new siding, windows, and doors.

This property is nearly always full and at list price provides a 6.56% cap rate. Opportunity to raise rents in an up-and-coming Portland neighborhood.

Highlights

  • New Siding, Windows, & Doors
  • On-Site Laundry & Washer/Dryer Hookups
  • Four 2-Car Garages
  • Excellent Close-In Location
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Cesar Chavez 11-Unit

This eleven unit property is located close-in just a few blocks from Trader Joe's, Safeway, and Starbucks on SE Cesar E Chavez Blvd (SE 39th Avenue). Portland is the largest city in Oregon, and the fourth largest city on the west coast. The Portland Metro Area is home to nearly 2 million people, and sits approximately 78 miles from the ocean and 65 miles from the Cascade Mountains. Recently Portland was ranked #1 in the country in terms of lowest vacancy (US Census Bureau), and #2 in rent growth (Axiometrics, Inc.)

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.

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Cesar Chavez 11-Unit

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Cesar Chavez 11-Unit

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Cesar Chavez 11-Unit

Document Title Document Type
Property Flyer Adobe PDF
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Cesar Chavez 11-Unit

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