Paradise Villa
610 SE Cesar E. Chavez Blvd, Portland, OR 97214
Price$2,995,000
Number of Units17
Building Size11,665 sqft
Lot Size0.82 Acre
Price/Unit$176,176
Property TypeMultifamily
Sub TypeSingle Story
Cap Rate7.17%
Highlights
- Easily Accessible
- Off Street Parking — 22 off-street parking spaces
- Onsite Laundry — Two onsite laundry facilities
Description
Built in 1943, Paradise Villa is a 17-unit, single-story garden-style apartment community located in Portland’s Inner Southeast neighborhood. The property features a mix of studio, one-bedroom/one-bath, and two-bedroom/one-bath units and offers on-site laundry and 22 off-street parking spaces.
Paradise Villa consists of three low-rise buildings situated on approximately 0.82 acres, with concrete foundations, wood framing, composition shingle roofs, asphalt parking, and mature landscaping.
Financial Summary
- Pro Forma NOI: $214,865
- Pro Forma Cap Rate: 7.17%
Gallery