11445 Sw Greenburg Rd
Portland,
OR
97223
Property Details
List Price: |
$1,675,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
7272 |
Agency: |
Realty NET |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1967 |
Notes: |
The Greenburg Townhomes are located in the strong sub-market of Tigard, Oregon and are comprised of 8 large townhome style units. Each apartment features 2 bedrooms and 1.5 baths, spacious floor plans, off-street parking, and private back patios. Tenants benefit from a unique oversized lot of nearly half an acre, with ample green space and is located nearby.The property has operated at a historically low vacancy, which is in line with the latest average vacancy rate reported for the Tigard submarket 2BR townhome style units at 2.55% (Multi-Family NW, Fall 2023). This opportunity provides a new owner with a significant and realistic path to organically increase the revenue at lease renewals or turnovers (the average in place is approx. 10-15% below market). There is also a value-add component by implementing a RUBS system in the future, as there is not one currently in place.Excellent access to transportation, via 217, I-5, and 99W ? and along the path of progress as Tigard continues to make improvements in the surrounding areas. The property has been well maintained and provides a stable home for an investor, with a proven path to grow and get up to market rents. |
MlsNumber: |
24177213 |
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Listing Provided By: |
Realty NET, original listing |
Name: |
Realty NET |
Phone: |
(503) 300-6330 |
Office Name: |
RealtyNET, LLC |
Office Phone: |
(503) 300-6330 |
Agent Name: |
Greg Messick |
Disclaimer: |
Copyright © 2024 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |