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11445 SW Greenburg Rd

Portland, OR 97223
  • $1,550,000
  • STATUS: Active
  • MLS #: 24177213
Price Reduced
UPDATED: 170 min ago
$1,550,000
  • 0
    BEDS
  • 0.43
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,272
    SQFT
  • $213
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1967
County:

School Information

Elementary School:
Middle School:
High School:

Description

The Greenburg Townhomes are located in the strong sub-market of Tigard, Oregon and are comprised of 8 large townhome style units. Each apartment features 2 bedrooms and 1.5 baths, spacious floor plans, off-street parking, and private back patios. Tenants benefit from a unique oversized lot of nearly half an acre, with ample green space and is located nearby.The property has operated at a historically low vacancy, which is in line with the latest average vacancy rate reported for the Tigard submarket 2BR townhome style units at 2.55% (Multi-Family NW, Fall 2023). This opportunity provides a new owner with a significant and realistic path to organically increase the revenue at lease renewals or turnovers (the average in place is approx. 10-15% below market). There is also a value-add component by implementing a RUBS system in the future, as there is not one currently in place.Excellent access to transportation, via 217, I-5, and 99W ? and along the path of progress as Tigard continues to make improvements in the surrounding areas. The property has been well maintained and provides a stable home for an investor, with a proven path to grow and get up to market rents.

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Listing content is copyright © 2024 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Brantley Christianson Real Estate LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-05-19T03:54:17.357.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Brantley Christianson Real Estate LLC and should be independently verified.
www.brantleychristianson.com/homes/148264399
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11445 SW Greenburg Rd Portland, OR 97223

  • Price: $1,550,000
  • Status: Active
  • On Site: Days
  • Updated: 170 min ago
  • MLS #: 24177213
0
Beds
0
Baths
0
½ Baths
0.43
Acres
7,272
SQFT
$213
$/SQFT
1967
Built
Neighborhood:
Greenburg
County:
Washington
Area:
151-Tigard/Tualatin/Sherwood/Wilsonville
Elementary School:
Metzger
Middle School:
Conestoga
High School:
Southridge
Property Description
The Greenburg Townhomes are located in the strong sub-market of Tigard, Oregon and are comprised of 8 large townhome style units. Each apartment features 2 bedrooms and 1.5 baths, spacious floor plans, off-street parking, and private back patios. Tenants benefit from a unique oversized lot of nearly half an acre, with ample green space and is located nearby.The property has operated at a historically low vacancy, which is in line with the latest average vacancy rate reported for the Tigard submarket 2BR townhome style units at 2.55% (Multi-Family NW, Fall 2023). This opportunity provides a new owner with a significant and realistic path to organically increase the revenue at lease renewals or turnovers (the average in place is approx. 10-15% below market). There is also a value-add component by implementing a RUBS system in the future, as there is not one currently in place.Excellent access to transportation, via 217, I-5, and 99W ? and along the path of progress as Tigard continues to make improvements in the surrounding areas. The property has been well maintained and provides a stable home for an investor, with a proven path to grow and get up to market rents.
Exterior Features

Attached Garage YN No Exterior Description Brick Cement Siding Foundation Details Concrete Perimeter Lot Features Level Secluded Trees Parking Features Open Road Surface Type Paved Roof Shingle View YN No

Interior Features

Basement Crawl Space Cooling None Cooling YN No Heating Baseboard Heating YN Yes

Property Features

Association YN No Bank Owned YN No Fuel Description Electricity Green Certification YN No Gross Income 136616 Hot Water Description Electricity IDXAddress Display YN Yes Internet Service Type Cable DSL Listing Terms Cash Conventional Net Operating Income 86421 Operating Expense 50195 Property Attached YN No Property Condition Existing Rent Includes Sewer Trash Collection Water Sewer Public Sewer Short Sale YN No Tax Annual Amount 12112.8 Tax Year 2023 Water Source Public Water Zoning Multi

Listing provided courtesy of RealtyNET, LLC: .


Listing content is copyright © 2024 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Brantley Christianson Real Estate LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-05-19T03:54:17.357.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Brantley Christianson Real Estate LLC and should be independently verified.
 
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Brantley Christianson Real Estate LLC
2005 SE 192nd Ave
Camas WA, 98607