7836 S Ada St
- (1) 1 Bd / 1 Ba & (12) 2 Bd / 1 Ba Apartments.
- Multiple Levers to Grow Revenue Through Continued Renovations of the Remaining 6 Units and Unit/Amenity Expansion.
- Pridefully Maintained and Operated by Local Owner.
- Close to Multiple Modes of Transportation.
Property Description
Essex Realty Group, LLC. Has been exclusively engaged to market for sale a 13-unit multifamily building at 7836 S Ada St. Located in the Auburn Gresham neighborhood, the walk-up building is comprised of twelve (12) 2 bed / 1 bath and one (1) 1 bed / 1 bath apartments. Current ownership has renovated 7/13 units featuring new kitchens and baths with modern finishes. Looking forward, there is additional upside for a new owner to add laundry facilities and bring rents to market levels through the continued renovation of the remaining 6 units, which would enhance both the property’s income and its overall value. With its strong existing operations, and clear value-add opportunities, this presents an excellent investment opportunity for an investor to acquire a well-managed asset.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $900,000 |
| No. of Units: | 13 |
| Year Built: | 1926 |
| Opportunity Zone: | No |
| Price per unit: | $69,231 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout