Active

1904 SE 80TH AVE

Portland OR, 97215

$2,450,000


$297.66 per sqft

Active

7 Beds

5 Baths

8,231 sqft

Multi-family

Built in 1966

Courtesy of RealtyNET, LLC

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.

24322040

MLS ID

February 15, 2024

Listed

June 8, 2024

Updated

Map

1904 SE 80TH AVE
Portland OR, 97215

Interior Features

Total Stories

1


Bedrooms

7


Total Bathrooms

5


Full Bathrooms

5


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.43 Acres


Lot Features

Level


Roof

Composition


Sewer

Public Sewer

School Information

High School

Franklin


Elementary School

Richmond

Other Property Details

Area Name

_143


Taxes

$21,598


Tax Frequency

Annually


Days on Market

113


Garage

No


Parking

Driveway, Off Street


Parking Total

11


View

No


County

Multnomah


Water Source

Public Water


Pool

No


Zoning

Mult


Buyer Agency Compensation

2.25%

Listing History

Date

Event

Price

6/3/2024

Active

2/24/2024

Pending

Courtesy of RealtyNET, LLC, Greg Messick

All information provided is deemed reliable, but is not guaranteed and should be independently verified. Listing information is provided exclusively for consumers’ personal, non‐commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by RMLS™. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Rebecca Donaldson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Realty ONE Group Willamette Valley are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers.

This content last updated on 6/8/2024, 2:08 AM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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