OR > Portland > Greenburg
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
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Ted Tanner

Ted Tanner

+1(503) 828-7839
Listed by RealtyNET, LLC
$ 1,550,000
Est. payment | /mo

7,272 SqFt

Save
$ 1,550,000
Est. payment | /mo
Save

7,272 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 7,272 sqft

Price per Sqft $213

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

Rooms

Basement Crawl Space

Interior

Heating Baseboard

Cooling None

Exterior

Roof Type Shingle

Garage No

Building

Lot Description Level, Secluded, Trees

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Metzger

Middle Schools Conestoga

High Schools Southridge

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

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Ted Tanner

Principal Broker | Lic# 201210644

+1(503) 828-7839

1915 NE Stucki Ave. Suite 250, Hillsboro, OR, 97006

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11445 SW GREENBURG RD