SOLD! Mt. Tabor View Apartments | $2,825,000
23 UNIT MULTI-FAMILY INVESTMENT
22-48 SE 80th Ave. | Portland, Oregon, 97215
Equity Pacific is pleased to announce the sale of the Mt. Tabor View Apartments located at 22-48 SE 80th Ave. in Portland, OR. The property sold for $2,825,000 ($122,826 per unit and $170.30 per SF). The subject property had significant upside through increasing rents, maximizing income from underutilized garage space and through physical rehabilitation. The immediate closer-in SE location near Mt. Tabor and Montavilla neighborhoods further strengthened the overall investment outlook of the property.
Equity Pacific quickly sourced the opportunity within hours of the property being listed for sale and shared the property with an established client looking for additional units in the area. Equity Pacific then successfully guided the buyer thorough a competitive offer process, gained control of the listing and closed the transaction at terms and conditions the buyer was seeking.
Chuck Brazer represented the buyer in the transaction.