Parkside Manor
17439 SE Stark St,
Portland, OR 97233

Sold

PRICE

$5,100,000

UNITS

43

SIZE

SQ FT

PRICE/UNIT

$118,605

TYPE

Multifamily

CAP RATE

7.54%

Highlights

Tenancy
Steady Occupancy
Natural Setting
Quiet Setting with Mature Landscaping
Recently Remodeled
Several Newly Remodeled Units
Great Location
Prime Location for Area Commuters
Rental Income
Upside in Rents
External Upgrades
New Balconies
Parkside Manor: Exterior
Parkside Manor: Exterior
Parkside Manor: Exterior
Parkside Manor: Exterior
Parkside Manor: Exterior
Parkside Manor: Exterior
Parkside Manor: Exterior
Parkside Manor: Exterior
Parkside Manor: Interior
Parkside Manor: Interior
Parkside Manor: Interior
Parkside Manor: Interior
Parkside Manor: Interior
Parkside Manor: Interior
Parkside Manor: Interior
Parkside Manor: Interior
Parkside Manor: Bathroom
Parkside Manor: Bathroom

DESCRIPTION

Built in 1980, the Parkside Manor Apartments are comprised of a highly desirable mix of units.  One studio apartment combined with 12 one bedroom/1 bathroom units and 30 two bedroom/1 bathroom units makes up the 43 unit complex.  This property boasts open floorplans, a quiet parklike setting and has had recent upgrades to several units.  All units have a private balcony and/or patio with all new wood railings, supports, and flooring.

The Parkside Manor Apartments are comprised of three story buildings with wood frame construction, vinyl windows, and pitched composition roof.

FINANCIAL SUMMARY

  • Pro Forma Total Operating Income (EGI) $581,150

CONTACT LISTING BROKER:

Tyler Gerding | 503.467.8901 | Tyler@PounderRealty.com

Location

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