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13062 SE Powell Blvd
Portland, OR 97236 Powellhurst-Gilbert

$2,420,000 USD

Apartments For Sale • 15,400 SF

Property Details

Property Type Apartments
Total Building Size 15,400 SF
Lot Size 0.83 AC
Building Class B
Year Built 1999
Cap Rate 6.59 %
Zoning R2/R5, Portland

48 Transit Score

58 Walk Score

                
                    Highlights
                
                                Value-add opportunity; 'Classic' unit rents trail potential by 27 percent
                            
                                Eight (8) rentable garages - opportunity to obtain $9,600 in additional yearly income
                            
                                1999 construction; desirable, large two bedroom two bath floorplans
                            
                                Superior amenities package; Private backyards, balconies, storage units, washer & dryer hook-ups, and rentable garages
                            
                                High return on property; Potential to increase cash-on-cash return by 55%

Property Flyers

PowellStation_OM_11_19

Cap Rate:

6.59 %

Amenities

Air Conditioning
Balcony
Storage Space
Wheelchair Accessible (Rooms)

Public Transportation

Airport	Drive	Walk	Distance
Portland International	19 min	-	9.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	14
Type:	Surface
Included in Rent:	Yes

Georgie Christensen-Riley 503-200-2058 Marcus & Millichap

13062 SE Powell Blvd Portland, OR 97236 Powellhurst-Gilbert