$5,100,000
Manor Townhomes
7833-7875 SE Johnson Creek Blvd
Portland, OR 97206
Available
PRICE
UNITS
22
SIZE
21,430 SQ FT
PRICE/UNIT
$231,818
TYPE
Two-Story
CAP RATE
5.09%
Highlights
DESCRIPTION
Built in 1972 and Located in Clackamas County, just two blocks outside of Multnomah County, the Manor Townhomes offer 22 apartment units comprised of 20 2-bed 1.5-bath townhomes and 2 2-bed 1-bath flats. At 975 square feet, the spacious layouts consist of an open floor-plan, modern kitchen amenities, and private fenced in patios. Nestled among mature landscaping the property provides residents a quiet complex just blocks from the major corridor of 82nd Ave & Johnson Creek Blvd.
With a walk score of 77 and a bike score of 86 the Manor Townhomes
is well postioned in its neighborhood. The property is one block from
Fred Meyer and has a Trader Joes, PetSmart, Best Buy, Planet
Fitness, and numerous resturants and eateries within a half mile.
Access to the I205 freeway and the regional rail line (MAX) are blocks
away as well.
Five of the units have washer & dryers offering an investor upside to
continue to install washer & dryer units across the property.
Assumable Financing @ 3.35%. The rate is fixed until November of
2028 for a qualified buyer.
Listing Broker has partial ownership interest in subject property.
FINANCIAL SUMMARY
- 5.80% Cap Rate (Pro Forma)
CONTACT LISTING BROKER:
Tyler Gerding | 503-467-8901 | Tyler@PounderRealty.com
Location