Potential Loan Assumption, 11 Units in SE Portland | Full Renovation in 2022
$2,250,000
1924 Southeast 80th Avenue, Portland, OR 97215
6.32
Cap Rate
142,232
NOI
Details:
Highlights:
- Renovated community with strong in-place rents.
- Quiet residential setting within walking distance to many of Southeast Portland’s most desirable amenities.
- Unique single-level layout featuring spacious floor plans and on-site parking.
- Located in the proven Central SE Portland submarket with historically low vacancy.
- Potential Loan Assumption for well qualified buyer
Description:
*Potential Loan Assumption* Tabor Villa Apartments presents a rare opportunity to acquire a turn-key, fully stabilized multifamily asset in one of Southeast Portland’s strongest and most resilient submarkets. The property consists of 11 modernized units and is ideally positioned within a quiet residential enclave of the Montavilla neighborhood, offering residents a peaceful living environment while remaining minutes from the vibrant retail, dining, and lifestyle amenities along Hawthorne, Division, and greater SE Portland.
The property benefits from proximity to major employment and educational institutions, including Warner Pacific University and Portland Community College, which supports consistent demand from a broad and diversified tenant base. The community features single-level apartment homes with spacious floor plans, modern finishes, and on-site parking – a highly desirable amenity that further enhances tenant appeal and retention in this submarket.
Tabor Villa has undergone a comprehensive interior and exterior renovation, transforming the asset into a modern, low-maintenance investment. Each unit was upgraded with new cabinetry, quartz countertops, stainless steel appliances, updated flooring, fresh paint, and contemporary design touches throughout, positioning the property to meet the expectations of today’s renters while minimizing near-term capital expenditures.
The property has been successfully leased at strong market rents and has demonstrated solid performance in recent years, providing an incoming investor with immediate, stable cash flow from day one. In addition to its current income profile, the investment offers meaningful upside potential through continued rent growth as units re-lease during more favorable spring and summer leasing cycles, as well as from anticipated tightening in the Portland rental market driven by limited new multifamily construction in the coming years.
Documents:
| Title | ||
|---|---|---|
| Offering_Memorandum_-_Tabor_Villa.pdf |
Location
Gallery
