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1020 SE 60th AvePortland, OR 97215
Tabor Commons Apartments
Studs-Out Rehab/Renovation - Beautiful Vintage Bricker w/ Historic Charm - Assumable Financing
Overview
- Assumable Agency Financing: 2.99% fixed through November, 2031 (refer to OM)
- Total Rehab Costs from 2017-2020: exceeded $10,000,000.
- Originally constructed in 1928 (the east wing) and 1946 (the west wing), the interior was completely rebuilt with all new mechanical systems, common areas, & interior finishes.
- Major Improvements Include Seismic Upgrading: w/ with 20,000+ steel helical ties tying the exterior brick walls from the floor to the roof.
- Eco-Friendly Rating Higher than LEED: carbon footprint responsible green energy features
Investment Highlights
Year Built: 1928 & 1946 (renov. 2020)
Unit Count: 76
Avg. Current Rent: $1,249/month
Occupancy Rate: 96%
Capitalization Rate: 5.73%
Gross Building Area: 30,201 SF
Net Rentable Area: 22,667 SF
Design/Access: Mid-Rise, Elevator-Served
Number of Stories: 4
Lot Size: 0.57 Acres
Parking: 14 Surface Spaces
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1020 SE 60th AvePortland, OR 97215
Multifamily Investment Sales
Listing provided by LightBox Revere