MULTI-FAMILY FOR SALE IN PORTLAND:
The Goodrick-Spencer Apartments is listed for sale at $3,500,000, and is a great “value add” opportunity without having to complete major repairs or renovations. The property is in great shape, located in a quiet, residential location.
Great Montavilla location, adjacent to Bible College. 2003 year built property features spacious 2 bd/1 ba units, with immaculate laundry room and off-street parking. Very well maintained, vinyl windows, has been utilized for Bible College students (all rental leases expire on 5/31/2017). Seller prefers to sell in conjunction with adjacent 52 unit property. Marketing pro forma contains only market rents due to seller providing below market rents to tenants, all financials available with accepted offers.
For more information, call Bernard Gehret at 503-546-9390 or click on the Joseph Bernard Investment Real Estate link here: