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SW 11th Avenue

SW 11th Avenue

https://www.josephbernard.net/sw-11th-avenue
Address:
3425 SW 11th Avenue, Portland, Oregon 97239
Price:
$1,200,000
Units:
6
Price per unit:
$200,000
Cap Rate:
3.90%
Year Built:
1949

Highlights

  • 1949 year built
  • Fantastic OHSU location
  • Potential to increase rents
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SW 11th Avenue

Summary

Rare apartment offering that is a well located 6-unit near OHSU in SW Portland. The property features five studio units and one, one-bedroom one bath unit. Seller is a long-time owner of this 1949 property with consistent occupancy. The property is located on SW 11th Avenue, minutes from the OHSU complex, and has been upgraded over the years with vinyl windows and mature landscaping. Potential to substantially increase rents over time, as rents are below market, with potential to utilize property as a short-term rental due to the location next to OHSU.

Highlights

  • 1949 year built
  • Fantastic OHSU location
  • Potential to increase rents

SW 11th Avenue

SW 11th Avenue/SW Whitaker Street

SW 11th Avenue

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SW 11th Avenue

Document Title Document Type
Property Flyer Adobe PDF

SW 11th Avenue

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