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Portsmouth Ave 8-Plex
Portsmouth Ave 8-Plex
https://www.josephbernard.net/portsmouth-ave-8-plex- Address:
- 7816 N Portsmouth Ave, Portland, Oregon 97203
- Price:
- $820,000
- Units:
- 8
- Price per unit:
- $102,500
- Cap Rate:
- 6.67%
- Year Built:
- 1910
Highlights
- Located 1/2 mile from the University Park New Seasons
- Storage units and laundry in unfinished basement
- Off-street parking in rear of building
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Portsmouth Ave 8-Plex
Summary
This vintage 8 unit is a perfect "value-add" which is nearly impossible to find in Portland these days! The property features six studios and two one-bedroom units, all below market rental rates. In 2016, seller installed new water main line from the street to the building (plus associated valves to kitchens and baths).
Highlights
- Located 1/2 mile from the University Park New Seasons
- Storage units and laundry in unfinished basement
- Off-street parking in rear of building
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Portsmouth Ave 8-Plex
N Portsmouth Ave between N Lombard St & N Willis Blvd
Located just blocks from Columbia Park
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Portsmouth Ave 8-Plex
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Portsmouth Ave 8-Plex
Document Title | Document Type |
---|---|
Property Flyer | Adobe PDF |
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Portsmouth Ave 8-Plex
Bernard Gehret
bgehret@josephbernard.net
Joseph Bernard, LLC
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax