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Listed by Bridge Creek Realty
$1,450,000
Est. payment /mo
8,292 SqFt
UPDATED:
10/22/2024 03:34 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,292 sqft
Price per Sqft $174
MLS Listing ID 24200635
Year Built 1973
Annual Tax Amount $15,238
Tax Year 2023
Lot Size 0.750 Acres
Property Description
Powell Flats is a 10-unit, garden-style apartment complex in Portland’s Powellhurst-Gilbert area. Built in 1973, it offers two-bedroom, two-bath units with an average rent of $1,470. Four of the units are vacant, creating immediate value-add potential. Investors can increase rental income by upgrading units and aligning rents with the market rate of $1,500, making it a strong investment opportunity in a growing submarket.
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning C2
Interior
Heating Baseboard
Exterior
Community Features Laundry
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools W Powellhurst
Middle Schools Ron Russell
High Schools David Douglas
Others
Acceptable Financing Cash, Rehab
Listing Terms Cash, Rehab
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