4425 SE 26TH Ave Immeuble residentiel 8 lots 1 335 310 € (166 914 €/Lot) Taux de capitalisation 5,24 % Portland, OR 97202

Located on SE 26th Ave, just off Holgate Blvd, the subject offering consists of eight units in SE Portland’s trendy Brooklyn neighborhood.
Built in 1976, the unit mix is comprised of four 2-bed/1-bath units and four 1-bed/1-bath units with an average of 700 square feet. A majority of the units have been remodeled, with the most recent one achieving strong rents, providing a roadmap for future renovation and income growth on the remaining classic units. Additional upside can be achieve through putting all units on utility reimbursements as some do not currently pay RUBS.
All units feature full kitchens and washer/ dryers, a rare amenity for apartments in this neighborhood. Tenants enjoy off-street parking in the dedicated parking lot, while plenty of additional parking is available on-street in front of the building. Recent improvements to the building include exterior paint and new trash enclosure.
Location is key as this building is positioned in close-in SE Portland’s Brooklyn neighborhood and close to other popular and well-known streets and neighborhoods, like Division, Clinton, and Hawthorne. Sitting a half-block off SE Holgate Blvd, the location provides great access to downtown Portland via car (7 minutes) or bike (15 minutes). This is a true transit-oriented location, with stops for the #17 and #10 busses less than a block away. The Orange Line of TriMet’s Award Winning MAX light rail train stops on SE 17th and Holgate, just nine blocks away. Less than a half-mile away is SE Mcloughlin Blvd (Hwy 99), one of the main north-south thoroughfares running through close-in SE Portland and NE Portland.
Next door to the property is Dutch Brothers coffee shop, every tenant’s best friend. Additionally, bars and restaurants are aplenty and walkable, while a Trader Joes and Walgreens are just 13 blocks away. Six blocks east of the property is Kenilworth park, with tennis courts, ball fields, and walking paths. Access to the Willamette River via Oaks Bottom Wildlife Refuge and the Springwater Corridor is a half-mile away, making the location ideal for outdoor enthusiasts.