Kent Apartments, 9 units, Inner SE Portland w/ large 1bd floor plans and historically low vacancy

$1,550,000
For Sale

8155

Property ID

7,172 SqFt

Size

Description

The Kent Apartments is a centrally located vintage apartment community comprised of 9 units on the corner of SE 20th & Belmont, in the thriving Buckman neighborhood of Southeast Portland. The property was built in 1923, and has been meticulously maintained to meet today’s standards, but has also placed an emphasis on honoring the historic period charm. The community is comprised of Nine (9) large 1-bedroom floorplans and has experienced strong demand over the years with a low vacancy history. On-site amenities include on-site Laundry, Storage, Secure entry, Bike parking and Renovated common area/hallways.

The property has undergone extensive renovations over the past 12 years, including new roofing, conversion to gas heat, new central water heater, new exterior paint, new stairs/railings at the back of the building, upgraded interior units, exterior brick repairs/maintenance, and more. The asset is well positioned on a corner lot, and across the street from Colonel Summers Park & Community Gardens, which provides a unique and serene housing option in today’s market. A rare opportunity to purchase a well-maintained historic property with strong operations in place, and room for growth.

Address

Address: 904 SE 20th ave
  • Province / State: Oregon
  • City / Town: Portland
  • Postal code / ZIP: 97214
  • Property ID 8155
  • Price $1,550,000
  • Property Type Multifamily
  • Property status For Sale
  • Year Built 1923
  • Size 7,172 SqFt
  • Land area 0.00.12 Acres
  • Number of Units 9

Contact

Joseph Chaplik

Property Seller
(503) 546-9390
josephbernardllc@josephbernard.net
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