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20071403
20071413

1814-1820 Southwest, Portland, OR 97205

CC
OR OR 201250793
Macadam Forbes
GB
OR 950800131
Macadam Forbes
Listed by Macadam Forbes
$2,300,000
997 days on market
Updated 19 days ago

Goose Hollow Apartments

Details
Property Type Multifamily
Sub Type Apartment Building, Low-Rise (+1)
Square Footage 8,291
Units 9
Cap Rate 3.51%
NOI $87,810
Occupancy 100%
Pro-Forma NOI $4
Price per SqFt $301
Zoning RM4

Multifamily | 9 Units | $277,000/unit

Marketing description

Rare opportunity to acquire three-building apartment complex in the highly desirable Goose Hollow Submarket. The subject buildings are located on one tax lot. The subject buildings are located on one tax lot and consist of one six-unit apartment building, one duplex, and one single-family residence. All nine units are 100% leased at under market rents, providing an investor an attractive opportunity to improve the rents.

The property is zoned RM4 allowing for high density residential development, which makes this an attractive future redevelopment opportunity.

Nestled in the vibrant heart of Portland, Oregon, the Goose Hollow Apartments offers a truly exceptional living experience with an array of neighboring amenities. Just steps away, residents have the privilege of accessing the prestigious Multnomah Athletic Club, a haven for fitness enthusiasts and social gatherings. This iconic club boasts state-of-the-art facilities, from well-equipped gyms and swimming pools to indoor sports courts, catering to a variety of active lifestyles.

For avid sports fans and outdoor enthusiasts, the renowned Providence Park lies in close proximity, creating a palpable energy during game days. Home to the city's beloved soccer team, this stadium is an epicenter of excitement and camaraderie.

Convenience is a hallmark of this location, with an extensive selection of transit options at your doorstep. The Goose Hollow Apartments is seamlessly connected to Portland's efficient public transportation network, including buses and light rail, allowing for easy exploration of the city's eclectic neighborhoods, cultural landmarks, and dining hotspots. Additionally, bike lanes and walking paths offer eco-friendly commuting alternatives, promoting a healthy and sustainable lifestyle.

Investment highlights

  • $2,500,000
  • 3.91% Proforma Cap (3.51% Actual)
  • $277k per unit
  • $301/ per square foot
  • 9 Units 100% leased
  • RM4 Zoning (High density residential)

Listing Contacts

CC
OR OR 201250793
Macadam Forbes
GB
OR 950800131
Macadam Forbes
Listed by Macadam Forbes

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$87,810.00
$7,317.50/mo

Valuation Metrics

0
DSCR
3.82%
Cap Rate
3.82%
ROI

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Additional Information

Name
Cooper Collins
License
OR 201250793
Brokerage
Macadam Forbes
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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