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Johnson Creek Village Apartments & House

Johnson Creek Village Apartments & House

https://www.josephbernard.net/johnson-creek-village-apartments--house
Address:
9030-9118 & 9038 SE Flavel St, Portland, Oregon 97266
Price:
$4,200,000
Units:
34
Price per unit:
$123,529
Cap Rate:
5.50%
Year Built:
1978/1911

Highlights

  • Low vacancy sub-market with high demand for affordable housing
  • Value add opportunity through hands on management
  • Majority of units renovated over the past 3 years
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Johnson Creek Village Apartments & House

Summary

The Johnson Creek Village Apartments represent a value add opportunity in the low-vacancy sub-market of Southeast Portland. The property has undergone extensive renovations at each turnover in recent years, providing a buyer with a proven model of success to continue. The property is located in the up and coming Lents neighborhood of Portland, and provides an important affordable housing option for the area. A buyer will benefit from continued revitalization of the Lents neighborhood.

Highlights

  • Low vacancy sub-market with high demand for affordable housing
  • Value add opportunity through hands on management
  • Majority of units renovated over the past 3 years
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Johnson Creek Village Apartments & House

SE Flavel St/SE 92nd Ave

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Johnson Creek Village Apartments & House

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Johnson Creek Village Apartments & House

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