<< Back to Property Search
Sold

SE Powell Apartments

SE Powell Apartments

https://www.josephbernard.net/se-powell-apartments
Address:
5917 SE Powell Blvd, Portland, Oregon 97206
Price:
$1,615,000
Units:
12
Price per unit:
$134,583
Cap Rate:
5.10%
Year Built:
1960

Highlights

  • Significant upside in the rents
  • Single-level, low-density community
  • Private laundry/storage for each unit in the basement (exterior entrance)
  • Fireplaces in majority of units (9 out of 12)
  • Excellent South Tabor location, with historically low vacancy
Get More Information

Please fill out the fields below to receive further information about SE Powell Apartments


Sold

SE Powell Apartments

Summary

The SE Powell Apartments represent a single-level value-add opportunity in the close-in South Tabor neighborhood of Portland. The property features a unique low-density setting, with fourplex style buildings and a secure courtyard for each building. The property is comprised of large units, with (6) 1 bedroom floor plans, and (6) 2 bedroom floor plans. Each unit has a private individual laundry/storage room (approx. 340 sq. ft.) located in the basement (exterior entrance), which provides a rare amenity for a building of this vintage. The majority of the units have fireplaces (9 out of 12), vintage hardwood floors, and various upgrades throughout the years. Rare opportunity to acquire a value-add community, with significant upside in the rents. CONTRACT SALE OPPORTUNITY, call for additional details. See flyer for terms.

Highlights

  • Significant upside in the rents
  • Single-level, low-density community
  • Private laundry/storage for each unit in the basement (exterior entrance)
  • Fireplaces in majority of units (9 out of 12)
  • Excellent South Tabor location, with historically low vacancy
Sold

SE Powell Apartments

SE Powell Blvd/SE 59th Ave

Sold

SE Powell Apartments

image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
Sold

SE Powell Apartments

Document Title Document Type
Property Flyer Adobe PDF
Sold

SE Powell 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