VINTAGE COURTYARD 10 Units - Portland, Oregon OFFERING MEMORANDUM INVESTMENT SUMMARY ASSET SUMMARY FOR MORE INFORMATION Property Vintage Courtyard Apartments Greg Frick •
[email protected] Location 2300 NE Halsey St Lee Fehrenbacher •
[email protected] Portland, Oregon 97232 2424 SE 11th Avenue, Portland, Oregon 97214 County Multnomah www.hfore.com • (503) 241.5541 • Fax: (503) 241.5548 Total Units 10 Brokers licensed in Washington and Oregon Year Built 1941 Stories 1 and 2 Approximate Sq Ft 6,400 Average Unit Sq Ft 640 PRICING Price $2,000,000 Per Unit $200,000 Per Sq Ft $313 Cap Rate 4.97% (projected) 2 HFO INVESTMENT REAL ESTATE INVESTMENT SUMMARY The Vintage Courtyard Apartments offers The property has been extremely well cared investors a rare opportunity to acquire an for and recent improvements include a full PROPERTY HIGHLIGHTS architectural gem in the trending Sullivan’s replacement of the roof (2013), new storm • Phenomenal eastside location Gulch neighborhood of NE Portland. The asset is windows (2015), and exterior paint (2016). The a classic mid-century garden-court apartment electrical systems have also been upgraded • Quiet courtyard setting complex with two 2-bedroom apartments and and units feature cadet heating. Property- • Historic charm, including authentic eight 1-bedroom flats. The apartments are owned washers and dryers are available in the hardwood floors, tile countertops well maintained with many historical details, common- area basement along with individual and vintage cabinetry including hardwood floors, tiled countertops