Est. mensual: $22,296 Recalcular
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Multifamiliar (2-4 unidades)Número de MLS: #11390562
The Trymax Apartments is a community comprised of 42 units, and represent a unique opportunity to invest in a turn-key asset in the strong sub-market of Gresham, Oregon. The property was originally constructed in 1992 (recently renovated), and features large 2 bedroom 1 bathroom floor plans with Washer/Dryer hook ups and functional living spaces. The property also features 12 spacious garages on-site which provide additional revenue sources. The asset has been meticulously renovated & maintained in recent years, with significant capital improvements, including New Siding (2023), New Windows (2023), New Exterior Paint (2023), New Roofing on all buildings/garages (2021) and consistent unit upgrades over the past decade - which include pro-actively replacing cabinets, countertops, flooring, appliances, doors, fixtures, etc. on a large sample of units. This attention to detail has resulted in limited vacancy over the years and strong tenant retention. The community is located in the Rockwood neighborhood, a diverse and dynamic neighborhood located in East Multnomah County - but is advantageously situated within the city of Gresham (not Portland). The neighborhood features a mix of residential and commercial amenities, with ample access to public transportation and services. The property provides a quiet & serene residential setting, with the apartments being set back off of Burnside a bit - and access to the property being available on both E. Burnside & NE 165th Ave. The quality and location cater to a strong & stable tenant base - providing an investor with stability of operations day one. The community is comprised of 8 total buildings, spread out across a 1.72 acre site, with a classic NW treelined feel. The Trymax Apartments offer a true pride of ownership asset for an investor to step into, in line with the current trend of flight to quality, but also provides a significant operational value-add opportunity for a new owner to capitalize on by improving management efficiencies. The current rents in place as of November 2024 ($1,337, with no RUBS) trail the current market by approximately 15-20%, providing a realistic and attainable path for a new owner to increase revenue significantly over the first few years of ownership in order to achieve a 7%+ cap rate. *Trymax Apartments can purchased as an individual offering, or in conjunction with another 49 unit apartment complex (under the same ownership/management) on the same street as a package (*Call broker for additional details).Características de la propiedad
Antigüedad: | 31-40 años de antigüedad |
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Amenidades: | Puerto |
Estilo arquitectónico: | Otro |
Área del lote: | 1.72 Acres |
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Escuela primaria
WILKES ELEMENTARY SCHOOL
1.3
MillasVer detalle
Escuela secundaria (ciclo básico)
HAUTON B. LEE MIDDLE SCHOOL
0.7
MillasVer detalle
Escuela secundaria (ciclo superior)
REYNOLDS HIGH SCHOOL
4.5
MillasVer detalle
Otros escuelas cercanos | Distancia | Tipo | Grados/años | Califaciones |
---|---|---|---|---|
Open School East | 0.2 mi | Private | 9-12 | |
Oliver Middle School | 0.5 mi | Public | 6-8 | C+ |
Alder Elementary School | 0.6 mi | Public | PK-5 | F |
Parklane Elementary School | 0.6 mi | Public | KG-5 | C |
Glenfair Elementary School | 0.6 mi | Public | KG-5 | D |
Patrick Lynch Elementary School | 0.8 mi | Public | KG-5 | C |
Harmony Montessori School | 1.0 mi | Private | PK-6 | |
Morningstar Montessori House Of Children | 1.0 mi | Private | PK-KG | |
Rockwood Preparatory Academy | 1.0 mi | Public | KG-7 | B |
Hartley Elementary School | 1.2 mi | Public | KG-5 | F |
Margaret Scott Elementary School | 1.4 mi | Public | KG-5 | C- |
Serendipity Center | 1.4 mi | Private | 2-12 | |
Davis Elementary School | 1.6 mi | Public | PK-5 | D- |
David Douglas High School | 1.6 mi | Public | 9-12 | D |
Centennial Middle School | 1.6 mi | Public | 6-8 | D+ |
Franciscan Montessori Earth School | 1.7 mi | Private | UG | |
St Therese School | 1.7 mi | Private | PK-8 | |
Meadows Elementary School | 1.7 mi | Public | KG-5 | C+ |