Parkside Manor Apartments
17439 SE Stark St, Portland, OR 97233
Price$5,100,000
Number of Units43
Price/Unit$118,605
Property TypeMultifamily
Sub TypeThree Story
Cap Rate7.54%
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
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/one-bathroom units and 30 two-bedroom/one-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 EGI: $581,150
- Pro Forma Cap Rate: 7.54%
Gallery