13718 SE Division St - Apartments FOR SALE


Portland, OR 97236- Powellhurst-Gilbert
$1,799,500 USD
503-320-1880
13718 SE Division St, Portland, OR for Sale
$1,799,500 USD
Apartments - FOR SALE
1/29
null | 8.46% Cap Rate

13718 SE Division St
Portland, OR 97236
Powellhurst-Gilbert


HIGHLIGHTS

  • Separately Sub-Metered
  • Close to Mass Transit
  • New Roofs, Windows & Insulation

OVERVIEW

Cash Flow & Opportunity! The buildings are at the lower end of the spectrum, price per door is very attractive! Price Per Unit: $105,000 Occupancy, very solid Don't let looks deceive you. This property is always occupied and has many long term tenants with various avenues of rent support. All but a few units have recent upgrades which include all interior surfaces. New roofs on 3 of the buildings in 2020. Windows & insulation have been upgraded. All but 1 building have been separately sub-metered giving the financials a huge opportunity moving forward. 600 Sq. Ft. Storage Unit rent: $750

FOR SALE DETAILS

PRICE

$1,799,500 USD

PRICE/SF

$56 USD /SF

# OF UNITS

19

PRICE/UNIT

$94,711

CAP RATE

8.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gilbert Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

SC

APN/PARCEL ID

R334241

ASK ABOUT THIS PROPERTY

Peter JamesonJ Residential PropertiesMore Info
503-320-1880

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Peter JamesonJ Residential PropertiesMore Info
503-320-1880

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.