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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
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax