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Southwest Condor Apartments

Southwest Condor Apartments

https://www.josephbernard.net/southwest-condor-apartments
Address:
4620-4630 SW Condor Ave, Portland, Oregon 97239
Price:
$1,592,350
Units:
6
Price per unit:
$265,392
Cap Rate:
4.25%
Year Built:
1966

Highlights

  • Great location, near OHSU
  • Room to increase rents
  • Seller owned for about 40 years
  • Newly installed separate water lines to each unit
  • Major exterior upgrades including plumbing, a retaining wall, fencing
  • Upgraded interiors
  • Shared laundry on-site
  • On-site parking
  • Balcony for 4 units
  • Security system for each unit; security cameras (ethernet enabled)
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Southwest Condor Apartments

Summary

Well located just off SW Barbur Blvd near OHSU. The Southwest Condor Apartments are comprised of six large units and present an investor with a unique opportunity to benefit from high tenant demand and close proximity to transit and employment opportunities of the inner SW urban location. The units all have two bedrooms and four of them have decks and backyard views of a beautifully landscaped garden terrace. Owned for about 40 years, the property has seen consistent care from the ownership and has benefited from significant upgrades. Central location and unique aesthetic will endow the property to SW Portland’s continued growth.

Highlights

  • Great location, near OHSU
  • Room to increase rents
  • Seller owned for about 40 years
  • Newly installed separate water lines to each unit
  • Major exterior upgrades including plumbing, a retaining wall, fencing
  • Upgraded interiors
  • Shared laundry on-site
  • On-site parking
  • Balcony for 4 units
  • Security system for each unit; security cameras (ethernet enabled)
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Southwest Condor Apartments

SW Condor Ave/SW Condor Way

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Southwest Condor Apartments

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Southwest Condor Apartments

Document Title Document Type
Property Flyer Adobe PDF
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Southwest Condor Apartments

Hunter Brookshier
HBrookshier@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