$3,200,000
Cambria Apartments
4650-4702 SW Luradel Street
Portland, Oregon 97219
PRICE
UNITS
17
SIZE
14,480 SF
PRICE/UNIT
$188,235
TYPE
Multifamily
CAP RATE
5.33%
Highlights
Environmentally Friendly
New Roof & Energy Efficient Vinyl Windows
Parking Amenities
Plentiful Off Street Parking Available
Easily Accessible
Great Location in Highly Sought After SW Portland Neighborhood
Rental Income
Upside in Rents
Development Potential
Duplex Can Be Replaced with Additional 14 Units
20190410_112110
20190410_112117
20190410_112042
20190410_112037
20190410_111940
20190410_111912
20190410_111817
20190410_111737
20190410_111710
20190410_111621
20190410_111609
20190410_111546
20190410_111438
20190410_111410
20190410_112042
Luradell interior 1
Luradell interior 4
Luradell interior 2
Luradell interior 3
DESCRIPTION
Two Duplex units originally constructed in 1950 with the additional 15 Units being added in 1977.
The Cambria Apartments are located in the desirable SW quadrant of Portland. The property is comprised of 17 apartment homes with a unit mix of (1) Studio apartment,(4) one bedroom/one bathroom units and (12) two bedroom/one bathroom units. Most apartment homes have been updated to include new cabinets and countertops, newer appliances, wood floors and vinyl windows. The units are spacious and offer lots of storage space.
The Cambria Apartments are comprised of 2 two story buildings and 1 one story duplex, all with wood frame construction and pitched composition roof.
FINANCIAL SUMMARY
- Pro Forma NOI $170,522
CONTACT LISTING BROKER:
Grayson Pounder | 503.680.4638 | Grayson@PounderRealty.com
Location