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Kent Apartments

Kent Apartments

https://www.josephbernard.net/kent-apartments
Address:
904 SE 20th Avenue, Portland, Oregon 97214
Price:
$1,820,000
Units:
9
Price per unit:
$202,222
Cap Rate:
5.31%
Year Built:
1923

Highlights

  • Inner SE Portland location, in the Buckman Neighborhood
  • Large 1 BR floor plans, with low vacancy history
  • Extensive capital improvements over the past 10 years
  • Significant upside in the rents, including the ability to add utility bill backs (not currently in place)
  • Nearby to many amenities
  • Bike Score: 96 (Biker's Paradise), Walk Score: 91 (Walker's Paradise)
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Kent Apartments

Summary

The Kent Apartments is centrally located at the corner of SE 20th & Belmont, in the thriving Buckman neighborhood of Southeast Portland. The property is well positioned near many amenities and has seen a spur of new development in the immediate area in recent years. The community has experienced strong demand with very low vacancy and is comprised of 9 units with large 1 bedroom floor plans. On-site amenities include laundry, storage, secure entry, and renovated common area/hallways. The property has undergone extensive renovations throughout the past 10 years, including new roofing, conversion to gas heat, new central water heater, new exterior paint, upgrading of interior units, and more. Well positioned on a corner lot, and across the street from Colonel Summers Park, the Kent Apartments provides a unique and serene housing option in the market. Opportunity to purchase a building with strong operations in place, with significant upside in the rents moving forward.

Highlights

  • Inner SE Portland location, in the Buckman Neighborhood
  • Large 1 BR floor plans, with low vacancy history
  • Extensive capital improvements over the past 10 years
  • Significant upside in the rents, including the ability to add utility bill backs (not currently in place)
  • Nearby to many amenities
  • Bike Score: 96 (Biker's Paradise), Walk Score: 91 (Walker's Paradise)
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Kent Apartments

SE 20th Ave/SE Belmont St

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Kent Apartments

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Kent Apartments

Document Title Document Type
Property Flyer Adobe PDF
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Kent Apartments

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