Summary

The 28^th & Clackamas apartments are located in the highly sought after inner NE Portland neighborhood of Sullivans Gulch. The property provides a unique setting with vintage single level apartments & off-street parking. The community is comprised of 1BR/1BA units with strong rents in place ($1,226 average), and experienced strong collections in 2020. The property is comprised of two parcels, which include 7 units and the adjacent 2 units providing an investor some flexibility on the acquisition. Central to many nearby amenities, the property has benefited from the central location along with the continued growth and development of the surrounding neighborhood - which continues to operate as one of the lowest vacancy sub-markets in the Portland metro. Rare opportunity to acquire a vintage apartment community in the premiere inner NE Portland sub-market.