Multi-Family•Low-Rise/Garden•For Sale

Guild Apartments

1830 NW 23rd Place, Portland, Oregon 97210

Sale Price $2,700,000
Sale Type Investment
Zoning CM1
Bldg Type Multi-Tenant
Status Existing
Year Built 1902
Year Renovated 2012
Stories 3
Cap Rate 6.19%
Vacancy 92%
Annual Taxes $27,110.58
Gross Bldg 16,005 SqFt
RBA 10,670 SqFt
Land Area .23 Acres
Project Size 12
Net Op Inc $167,086
Market Portland
Sub-Market Northwest Portland
Guild Apartments offer multiple immediate and long-term upside opportunities to a buyer by: Brining rents to levels constant with the sub-market. Charging for laundry, storage units, and utility-bill-back. Utilizing the unfinished basement as additional units. Developing the excess land into additional units, or paid parking. Portland’s Northwest District is a premier location, and is a hotbed of local restaurants and shops, while still offering a community atmosphere. The neighborhood commands some of the highest rents and lowest vacancy rates in Portland due to nearby amenities, proximity to downtown, low crime rates, and top school ratings.
  • Multiple Upside Opportunities
  • Brining rents to levels constant with the sub-market.
  • Charging for laundry, storage units, and utility-bill-back.
  • Utilizing the unfinished basement as additional units. Developing the excess land into additional units, or paid parking.
5/14/2019 5:39:31 PM 5/14/2019 5:46:22 PM

LEAVE A MESSAGE

0/100
Human? type 428 below...
dummy toaster to trick _toastr script loaded by scripts.js Show Default