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Portsmouth Ave - 8 Units

Portsmouth Ave - 8 Units

https://www.josephbernard.net/portsmouth-ave
Address:
7816 N Portsmouth Avenue, Portland, Oregon 97203
Price:
$615,000
Units:
8
Price per unit:
$76,875
Cap Rate:
5.00%
Year Built:
1910

Highlights

  • Laundry Room
  • Partially Remodeled Attic
  • Full Basement
  • Hardwood Flooring
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Portsmouth Ave - 8 Units

Summary

This 8 unit building in the Portsmouth neighborhood is a classic turn of the century building with vintage charm. The property features 8 units, with the possibility of expanding into the partially remodeled attic. This creates opportunity to add another unit, or expand the already existing units. The current unit mix contains 6 studio apartments and two, 1 bedroom/1 bathroom units. The building offers hardwood flooring, a full basement and an on-site laundry room. 

Highlights

  • Laundry Room
  • Partially Remodeled Attic
  • Full Basement
  • Hardwood Flooring
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Portsmouth Ave - 8 Units

As a result of the Portland real estate market boom and like many other Portland neighborhoods, Portsmouth has seen an influx of new residents to the area. As one might imagine, Portsmouth has some wonderful areas with beautifully improved homes and neighborhoods and some still in transition. 

Residents use the Jantzen Beach shopping center (Target and Safeway), St Johns Safeway, Fred Meyer, Arbor Lodge New Seasons Market and have their pick of St Johns, Kenton, Cathedral Park, Arbor Lodge (and more) restaurants, boutiques, bike shops and of course, coffee shops.

Source.

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Portsmouth Ave - 8 Units

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Portsmouth Ave - 8 Units

Document Title Document Type
Property Flyer Adobe PDF
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Portsmouth Ave - 8 Units

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