1904 SE 80TH AVE

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Address: 1904 SE 80th Ave, Portland, OR 97215, USA
Created date: June 19, 2024
Date last updated: June 19, 2024

Property Description

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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,450,000
Year Built: 1966
Lot Size: 8,231.00 Sq ft
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 1904 SE 80TH AVE, Portland, OR 97215, USA
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