Douglas Square - 2440-2468 SE 87th Avenue, Portland

Douglas Square – 2440-2468 SE 87th Avenue, Portland

  • 36 Units
  • 22,577 SF Sq Ft
  • 6.7% - Proforma Cap

-Opportunity to acquire a well performing asset with significant income upside – 18% variance in current versus highest achieved rents.

-Additional income upside as RUBs are fully implemented.

-Located in the Montavilla neighborhood / Jade District, which is poised for long-term rent growth.

-Near Portland Community College Southeast Campus which has more than doubled its site size from 94,000 to 200,000 SF.

-Recent renovations include enhanced curb appeal with new exterior paint, windows, landscaping, signage, & parking lot.

-Varying levels of interior unit upgrades have yield a pay-bock of just two years.

Property Location

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