Property Description

Assumable Loan at 4.05% Interest til 2034One Two-Bedroom and Fourteen One-Bedroom UnitsThe Buckman neighborhood is one of Portland's most desirable. It is convenient to Interstates 5,405, 84, and 26, and offers easy access to Portland's extensive public transit system via both multiple bus lines and the Max light rail, just blocks away.The property itself boasts a Walkscore of 82 which deems the location to be a 'very walkable'. There is an array of restaurants, bars, shops, coffee houses, grocery stores and more. Nearby Colonel Summers Park offers a playground, dog park, community garden, sports courts, and plenty of green space to enjoy. Area planned developments, including additional residential and retail projects will continue to solidify the neighborhood's 'destination' and community feel.The immediate area surrounding the subject property has exhibited extremely high historical occupancy. When combined with the numerous walkable neighborhood amenities and ease of commute to downtown Portland, the subject property is ideally poised to attract and retain a wide variety of tenant profiles from urban professionals to young families seeking a close-in, convenient residential neighborhood. The property offers the opportunity to capitalize on a location that lends itself to continuous demand. As the Portland area's rents continue to increase, cash flow will grow steadily. The size of the property is easily owner-managed, allowing for significant expense savings.The asset will continue to provide a steady cash flow for the foreseeable future. This investment is ideal for someone looking for steady, reliable income in a low-vacancy, increasing-rent environment. Value-add investors can remodel the units to get top of the market rates withWalkscore of 94 'Walker's ParadiseOne Hundred and Thirteen Restaurants and Bars Within a Half Mile8.64% Total ReturnAcross the Street from Buckman ElementaryBuckman Neighborhood Commands Highest Rents in Close-In East Side