1035 SE 14TH AVE
Portland, OR 97214    Directions

Charming fully restored 6-unit building situated in Buckman neighborhood between popular Belmont and Hawthorne shops and restaurants. Walkers paradise: 96 & Bikers paradise: 97. 2018 studs out remodel included electrical wiring/panels, water lines, water heaters, doors, bathrooms, common area, washer/dryer/storage room and kitchens with new cabinets, quartz countertops and stainless appliances. New roof in 2020 and common area windows in 2021. Unit mix is comprised of three (3) 1 bed / 1 bath units, one (1) 2 bed / 1 bath unit and two studios upstairs sharing one bath. Prime close-in investment opportunity to acquire a turn-key well performing asset in a strong Portland submarket. Subject property currently achieves gross monthly rents of $7,665 per month + 2023 utility reimbursements averaging ~$536 per month. Projected 2024 Effective Gross Income (EGI) of ~$96,553. Stabilized expense load of ~39% provides an Net Operating income of ~$58,712.