Cambria Apartments

4650-4702 SW Luradel Street, Portland, OR 97219

Price$3,200,000

Number of Units17

Building Size14,480 sqft

Price/Unit$188,235

Property TypeMultifamily

Cap Rate5.33%

Highlights

Environmentally Friendly — New Roof & Energy Efficient Vinyl Windows
Parking Amenities — Plentiful Off Street Parking Available
Easily Accessible — Great Location in Highly Sought After SW Portland Neighborhood
Rental Income — Upside in Rents
Development Potential — Duplex Can Be Replaced with Additional 14 Units

Description

Two duplex units originally constructed in 1950, with the additional 15 units being added in 1977.

The Cambria Apartments are located in the desirable SW quadrant of Portland. The property is comprised of 17 apartment homes with a unit mix of 1 studio apartment, 4 one-bedroom/one-bathroom units, and 12 two-bedroom/one-bathroom units. Most apartment homes have been updated to include new cabinets and countertops, newer appliances, wood floors, and vinyl windows. The units are spacious and offer lots of storage space.

The Cambria Apartments are comprised of 2 two-story buildings and 1 one-story duplex, all with wood frame construction and pitched composition roof.