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El-Ti-Kee Apartments

El-Ti-Kee Apartments

https://www.josephbernard.net/el-ti-kee-apartments
Address:
16005 E Burnside Street, Portland, Oregon 97233
Price:
$3,685,000
Units:
28
Price per unit:
$131,607
Cap Rate:
5.68%
Year Built:
1969

Highlights

  • Value-add community with significant upside
  • Majority of units have W/D hookups
  • Historically strong occupancy and renter demand
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El-Ti-Kee Apartments

Summary

The El-Ti-Kee Apartments is a 28-unit, value-add community located in the Rockwood neighborhood of SE Portland. The property is comprised of large 2BR/1BA floor plans, with the majority of units having W/D hookups in unit. Current ownership has experienced historically strong occupancy and renter demand, but the rents in place ($1,075) have significant upside for a new ownership to capture. A rare opportunity to acquire a value-add community in the tight sub-market of SE Portland.

Highlights

  • Value-add community with significant upside
  • Majority of units have W/D hookups
  • Historically strong occupancy and renter demand
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El-Ti-Kee Apartments

E Burnside Street/NE 160th Avenue

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El-Ti-Kee Apartments

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El-Ti-Kee Apartments

Document Title Document Type
Property Flyer Adobe PDF
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El-Ti-Kee Apartments

Phillip Barry
pbarry@josephbernard.net
Joseph Bernard, LLC
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax