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SE 21st Apartments

SE 21st Apartments

https://www.josephbernard.net/se-21st-apartments
Address:
3404 SE 21st Ave, Portland, Oregon 97202
Price:
$923,000
Units:
4
Price per unit:
$230,750
Cap Rate:
12.94 (GRM)
Year Built:
1964

Highlights

  • Fantastic inner SE Portland location
  • All units upgraded
  • Attractive 2BD unit mix with strong rents in place (average $1,486)
  • Off-street parking, storage & bike parking included in rent
  • Strong operations in place
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SE 21st Apartments

Summary

The SE 21st Apartments represent an opportunity to acquire a well located, turn-key asset in the close in SE Portland sub-market. The property is comprised of upgraded 2BR/1BA floorplans, with storage and parking included. The average in place rent is $1,486 (highest level is $1,520). Recent upgrades include: new fencing, landscape, mailboxes, storage room update, new bike racks, and many interior improvements. Strong in place operations with additional room to grow. Currently 100% occupied, showing only upon an accepted offer.

Highlights

  • Fantastic inner SE Portland location
  • All units upgraded
  • Attractive 2BD unit mix with strong rents in place (average $1,486)
  • Off-street parking, storage & bike parking included in rent
  • Strong operations in place
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SE 21st Apartments

SE 21st Ave/SE Lafayette St

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SE 21st Apartments

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SE 21st Apartments

Document Title Document Type
Property Flyer Adobe PDF
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SE 21st 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
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