$2,450,000
1904 SE 80th Ave, Portland, OR 97215
- 18Beds
- 12Baths
- 8231SqFt
- 18Beds
- 12Baths
- 8231SqFt
- Property TypeCondo
- Year Built1966
- Price per Sqft$298
- On highrises90 Days
Property Details
The Tabor Villa Apartments represent a unique opportunity to acquire a turn-key & stabilized asset in the well performing central Southeast Portland sub-market. The property is comprised of 11 units, and is well situated in a quiet residential setting, making for serene living for the residents. Located in the Montavilla neighborhood, near local colleges (Warner Pacific & PCC) and just blocks from the popular amenities along the hubs of SE Portland, Hawthorne, Division, etc, the property appeals to a broad tenant base. The community features single level, modernized apartments with spacious floor plans, and on-site parking. The community underwent a complete transformation in 2022 on both the interior & exterior, with each unit featuring new cabinets, flooring, paint, quartz countertops, SS appliances and various touches throughout.The property was leased up at strong rental rates in 2022 & 2023, allowing the opportunity for an investor to step in and reap the benefits of a stabilized investment with strong cash flow day 1. The investment also provides additional upside as units re-lease during more favorable leasing months (Spring/Summer), and as the community transitions to a tenant utility bill back system which is currently in motion ( 5 out of 11 units are now on the new system, and the income should continue to increase as more units are added). A truly unique & quality investment opportunity, with the upgrades in place to meet the demands of today's renters.
Property Features
Bedrooms
- Bedrooms: 18
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Greg Messick
- state license#200202047
- Brokered by:
- Realty Net, LLC.
- (503) 300-6330