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Previous Description:
Rare opportunity to acquire a value add 11 unit multifamily in one of the most sought after neighborhood in all of Portland. The property consists of two buildings and 11 units. The wood framed brick building is 6 units, all one bedrooms. The Victorian is 3 levels and 5 units, high ceilings with recent upgrades including electrical. The property is in receivership, please see offer instructions. All numbers are based on proforma and in line with market rates. Not all leases on the property have been verified and is under new property management. There is an incredible amount of upside on this asset.
Updated Description:
Rare opportunity to acquire a value add 11 unit multifamily in one of the most sought after neighborhood in all of Portland. The property consists of two buildings and 11 units. The wood framed brick building is 6 units, all one bedrooms. High vacancy, 6 units have been recently turned over. Cash or bridge debt only. Call for offer instructions and guidance. The Victorian is 3 levels and 5 units, high ceilings with recent upgrades including electrical. The property is in receivership.
