Summary

The Insley Street Apartments is a unique opportunity to acquire a value add 8-unit apartment community in the up-and-coming neighborhood of Lents in Southeast Portland. The community is comprised of single level, duplex style units, with large 2br/1ba floor plans featuring functional living spaces and WD hook ups in each unit.

The buildings and unit floor plans are all consistent, allowing for a streamlined and efficient value add process for an investor during the renovations post-closing. The in-place rent average as of August 2024 at the community ($1,386) trails the market by approximately $200, allowing for realistic and attainable upside for a buyer to capture in the near term.