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Dolph Court Apartments & Offices

Dolph Court Apartments & Offices

https://www.josephbernard.net/dolph-court-apartments--offices
Address:
2910-2920 SW Dolph Ct, Portland, Oregon 97219
Price:
$2,300,000
Units:
16
Price per unit:
$143,750
Cap Rate:
5.78%
Year Built:
1979

Highlights

  • Mixed-use opportunity, 12 apartments + 4 professional office spaces
  • Strong operations in place with low vacancy in 2019
  • Rental upside opportunity through continued interior upgrades at turnovers
  • Long term commercial tenants in place
  • Central SW Portland location
  • Nearby to many amenities on SW Barbur Blvd, Multnomah Village (0.5 miles), & downtown Portland (<5 miles)
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Dolph Court Apartments & Offices

Summary

The Dolph Court Apartments & Offices present a rare opportunity to acquire a mixed-use property in a centrally located and stabilized SW Portland neighborhood. The property is well positioned to attract both urban and suburban tenants, with easy access into downtown Portland via Barbur Blvd. The property is located near many amenities along SW Barbur, as well as 0.5 miles from the popular Multnomah Village. The property features 1 bedroom and 2 bedroom apartments, along with a separate building comprised of 4 commercial office spaces. The property is professionally managed with strong operations in place, but provides a new owner the opportunity to continue to upgrade and raise rents at turnovers. Stable asset that will continue to cater to a strong demand of renters in the SW Portland apartment market. Strong rent collections for April and May 2020.

Highlights

  • Mixed-use opportunity, 12 apartments + 4 professional office spaces
  • Strong operations in place with low vacancy in 2019
  • Rental upside opportunity through continued interior upgrades at turnovers
  • Long term commercial tenants in place
  • Central SW Portland location
  • Nearby to many amenities on SW Barbur Blvd, Multnomah Village (0.5 miles), & downtown Portland (<5 miles)
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Dolph Court Apartments & Offices

SW Dolph Ct/SW 30th Ave

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Dolph Court Apartments & Offices

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Dolph Court Apartments & Offices

Document Title Document Type
Property Flyer Adobe PDF
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Dolph Court Apartments & Offices

Phillip Barry
pbarry@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
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