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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
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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
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SE Powell Apartments

SE Powell Blvd/SE 59th Ave

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SE Powell Apartments

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SE Powell Apartments

Document Title Document Type
Property Flyer Adobe PDF
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SE Powell Apartments

Phillip Barry
pbarry@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