Apartment Buildings /OR /Multnomah County /Portland /11012-11016 SE Stark St
Apartment Buildings /OR /Multnomah County /Portland /11012-11016 SE Stark St

11012-11016 SE Stark St - Apartments FOR SALE


Portland, OR 97216 | 
$3,250,000 USD
503-720-8147
11012-11016 SE Stark St, Portland, OR for Sale
$3,250,000 USD
Apartments - FOR SALE
1/5
null | 5.5% Cap Rate
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11012-11016 SE Stark St
Portland, OR 97216

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HIGHLIGHTS

  • Newer construction asset (built in 2008)
  • Large townhouse units with 2 bedrooms and 2.5 bathrooms
  • Unit amenities include garages, washer/dryer hookups, and full kitchens
  • Located near the I-205 freeway, several major national retailers, and employers
  • Priced well below replacement cost
  • Upside in rents

OVERVIEW

Gables on Stark consists of 13 newer built townhouse style units with rental potential upside in one of Portland’s most active rental submarkets.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$185 USD /SF

# OF UNITS

13

PRICE/UNIT

$250,000

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gables on Stark

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2008

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

R1

APN/PARCEL ID

R634945

ASK ABOUT THIS PROPERTY

Jordan CarterKidder MathewsMore Info
503-720-8147

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Jordan CarterKidder MathewsMore Info
503-720-8147

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