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.