Barbur Place Apartments | 24 Units in SW Portland | $3,725,000

2195

Property ID

16,000 SqFt

Size

Description

Barbur Place is a fully-occupied, exceptionally well maintained 24-unit community in Southwest Portland. The asset consists of two adjacent buildings with nicely designed one- and two-bedroom units with private decks or patios. Units without dishwashers have been receiving them on turnover and kitchens have recently been upgraded with granite countertops. Significant capital improvements this past year include a new roof, siding, cabinets, appliances, carpets, and fixtures. Rents currently trail the market, allowing for potential increases and the addition of utility billbacks. Projected cap rate: 5.2%

Address

Address: 8924 Southwest 30th Avenue, Portland, OR, USA
  • Province / State: Oregon
  • City / Town: Portland
  • Postal code / ZIP: 97219
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  • Property ID 2195
  • Price $3,725,000
  • Property Type Multifamily
  • Property status For Sale
  • Year Built 1969
  • Size 16,000 SqFt
  • Land area 0.63 Acres
  • Sellers Movitvation Reinvest
  • Number of Units 24

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Contact

Greg Frick

Property Seller
(503) 241-5541
service@hfore.com
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