Cynthia Lee

23074914 MLS
POTENTIAL LOAN ASSUMPTION of 3.25% fixed until December 2028, for qualified buyers. The Weidler 111 Apartments represents a rare opportunity to invest in a high-quality stabilized apartment community in one of the strongest submarkets within the Portland Metro, The Gateway District of Northeast Portland. The asset is comprised of 32 spacious units, with a mix of large 2BR and 3BR floor plans. The vacancy average has been historically low, and the unit mix has proven to meet the demands of today?s renters, and will continue to be a unique housing option in the market, given the limitations and financial challenges of developing large floor plans in today?s market and moving forward. The community has benefited from major interior & exterior improvements in recent years. Exterior renovations include re-branding & signage, new paint, new outdoor BBQ/Picnic area, new basketball court, renovated leasing office, new fencing, new decking (select units), and upgraded landscaping. The majority of the interior units have been renovated (approx. 90%) with flooring, paint, appliances, cabinets (new or refinished), resurfaced countertops (select units with quartz), new fixtures, lighting, ceiling fans, and various bathroom updates. A proven model of success has been established for a new investor to finish the remaining units, and also reap the benefits of less turnover work for future lease ups. The community has experienced strong rent growth in recent years, with impressive lease up rents in 2022/2023 as tenants seek more suburban amenity rich communities and large floorplans. The average in place rents still trail the highest level in the building by approximately 10%, allowing a new investor the opportunity to step in and execute a realistic and obtainable value add model by simply getting all of the existing units up to the highest achieved level in the building.

11145 NE WEIDLER ST, Portland

23006320 MLS
Incredible opportunity to bolster your investment portfolio in one of the most sought-after neighborhoods with (7) side-by-side, spacious detached homes! Keep your investments close by for ease while enjoy the benefits this area can provide with rental income! Each homes showcases modern architecture + elevated design in the highly-sought after SW Multmonah Village location where new construction is seldom seen especially of this caliber of finish! Be welcomed with high-end finishes + neutral designer tones across the spacious + thoughtfully designed, open concept home. Quality can be seen with the custom kitchen boasting gorgeous tile work, slab quartz counters, custom two-toned cabinetry + gas range! Upgrades grace each room with custom built-ins flanking the gas fireplace with gorgeous tile surround, wood + mixed material accented walls, custom modern wood slat staircase, hard surface flooring + bedrooms with tray ceilings + accent lighting! The ensuite is a true oasis with impressive dual vanity, walk-in shower + expansive walk-in closet! Outside boasts a fully fenced yard with coveted fenced backyard + covered back porch with recessed lighting, perfect year round! Plans for this gem were submitted prior to Portlands new restrictive zoning code so you get the benefits of extra square footage, off-street parking + garage!! Perfect proximity to Multnomah Villages idyllic restaurants, shops + only 0.3 mi to Gabriel Park! Enjoy 1-year builder warranty from this local boutique builder!

8206 SW 46TH AVE, Portland

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