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1410-1420 SW Bertha Blvd
Portland, OR 97219 Hillsdale

$6,500,000 USD

Apartments For Sale • 37,780 SF

Property Details

Property Type Apartments
Total Building Size 37,780 SF
Lot Size 2.26 AC
Building Class C
Year Built 1965
Cap Rate 4.75 %
Zoning R2

48 Transit Score

80 Walk Score

                
                    Highlights
                
                                Value-add opportunity for new owner to upgrade units and increase rents while controlling expenses.
                            
                                Current average rents are approximately 15% below market rates.
                            
                                Desirable unit mix of one and two bed units.
                            
                                Potential to partition off extra land and sell as a development site.
                            
                                Strong rental submarket with low vacancy and high rent growth.
                            
                                Turn-key opportunity as Cloverleaf is 95% leased with solid historical occupancy.

Property Flyers

Cloverleaf_OM

Cap Rate:

4.75 %

Amenities

24 Hour Access
Balcony
Controlled Access
Dishwasher
Heating
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Freezer
Garden
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Hall/Nimbus (Westside Express Service - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	13 min	-	5.5 mi
Portland (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak, Empire Builder - Amtrak)	11 min	-	6.0 mi
Airport	Drive	Walk	Distance
Portland International	26 min	-	16.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Jordan Carter 503-720-8147 Kidder Mathews

1410-1420 SW Bertha Blvd Portland, OR 97219 Hillsdale