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Cleveland Colonial Apartments

Cleveland Colonial Apartments

https://www.josephbernard.net/cleveland_colonial
Address:
800-820 NE 4th Street, Gresham, Oregon 97030
Price:
$710,000
Units:
10
Price per unit:
$71,000
Cap Rate:
7.02%
Year Built:
1969

Highlights

  • Charming Bay Windows
  • Off-Street Parking
  • Beautiful Brick & Wood Building
  • Located Blocks from Downtown Gresham
  • Well Maintained - Strong Rental History
  • Hardwood Floors in Bedrooms
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Cleveland Colonial Apartments

Summary

Invest in your security!

The Cleveland Colonial Apartments are a beautiful single story brick and wood building located blocks from downtown Gresham.  Owned by a single family for nearly forty years, the property is well maintained with a strong rental history of quality long-term tenants.  This pride of ownership building features two and three bedroom units, hardwood floors in the bedrooms, off-street parking and charming bedroom bay windows.  The ownership’s philosophy of retaining quality tenants with strict rental criteria has created a safe and comfortable living environment for the tenants.  There is significant upside to the rents due to the renter-friendly philosophy of low rents and low turnover.

Highlights

  • Charming Bay Windows
  • Off-Street Parking
  • Beautiful Brick & Wood Building
  • Located Blocks from Downtown Gresham
  • Well Maintained - Strong Rental History
  • Hardwood Floors in Bedrooms
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Cleveland Colonial Apartments

Gresham is located in Multnomah County, immediately east of Portland, Oregon. It is the fourth largest city in Oregon, and is roughly 22 square miles large.

Over the last twenty years, Gresham has experienced rapid growth from a rural, farming community to a quickly growing urban area.  Residents  of Gresham enjoy abundant opportunities for community involvement, culturally diverse community events and readily available urban amenities and recreational opportunities.

Gresham is also the seventh Green Power community in Oregon to receive the EPA Green Power Communities designation and the 14th community to be recognized in the nation.

Gresham is home to the world-renowned Mt Hood Jazz Festival, as well as Mt Hood Community College, several golf courses, country clubs, and city parks.

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Cleveland Colonial Apartments

Vera Cruz Apartments
2270 NE Division Street, Gresham, Oregon, 97030
josephbernard
Price: $625,000 Units: 12 Price per Unit: $52,083 Cap Rate: 7.31%
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Cleveland Colonial Apartments

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Cleveland Colonial Apartments

Document Title Document Type
Property Flyer Adobe PDF
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Cleveland Colonial Apartments

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