Portland, OR 97223,11445 SW GREENBURG RD
Portland, OR 97223,11445 SW GREENBURG RD
Portland, OR 97223,11445 SW GREENBURG RD
Portland, OR 97223,11445 SW GREENBURG RD
Portland, OR 97223,11445 SW GREENBURG RD
Portland, OR 97223,11445 SW GREENBURG RD
See all 15 photos
Listed by RealtyNET, LLC
Bought with Non Rmls Broker

$1,400,000

$1,550,000

9.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

7,272 SqFt


SOLD DATE : 09/30/2024

Key Details

Sold Price $1,400,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,272 sqft

Price per Sqft $192

Subdivision Greenburg

MLS Listing ID 24177213

Year Built 1967

Annual Tax Amount $12,112

Tax Year 2023

Lot Size 0.430 Acres

Property Description

The Greenburg Townhomes are located in the strong sub-market of Tigard, Oregon and are comprised of 8 large townhome style units. Each apartment features 2 bedrooms and 1.5 baths, spacious floor plans, off-street parking, and private back patios. Tenants benefit from a unique oversized lot of nearly half an acre, with ample green space and is located nearby.The property has operated at a historically low vacancy, which is in line with the latest average vacancy rate reported for the Tigard submarket 2BR townhome style units at 2.55% (Multi-Family NW, Fall 2023). This opportunity provides a new owner with a significant and realistic path to organically increase the revenue at lease renewals or turnovers (the average in place is approx. 10-15% below market). There is also a value-add component by implementing a RUBS system in the future, as there is not one currently in place.Excellent access to transportation, via 217, I-5, and 99W ? and along the path of progress as Tigard continues to make improvements in the surrounding areas. The property has been well maintained and provides a stable home for an investor, with a proven path to grow and get up to market rents.

Location

State OR

County Washington

Area _151

Zoning Multi

Interior

Heating Baseboard

Cooling None

Exterior

Roof Type Shingle

Building

Lot Description Level, Secluded, Trees

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Schools

Elementary Schools Metzger

Middle Schools Conestoga

High Schools Southridge

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Regional Multiple Listing Service (RMLS)

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.