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Burlingame Apartments 6202 SW Burlingame Ave

8 Unit Block of Flats £1,382,517 (£172,815/Unit) 4.99% Net Initial Yield Portland, OR 97239

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Executive Summary

For sale: 0.55 acres of land zoned RM2 with an existing 8 unit apartment complex that is well positioned giving the potential to develop more units. Recent addition of middle housing zoning might even allow for more units than the conceptual drawings in this photo. Concept plans complete to build two added buildings, a total of 14 units. Located in the heart of the SW Hillsdale neighborhood only one block from the town center. Storage/laundry room could be converted to an extra unit. The property has room for improvements and rent increases.

Property Facts

Price	£1,382,517	Apartment Style	Low Rise
Price Per Unit	£172,815	Building Class	C
Sale Type	Investment	Lot Size	0.99 AC
Net Initial Yield	4.99%	Building Size	6,435 SF
Sale Conditions	1031 Exchange	Number of Floors	3
No. Units	8	Year Built	1970
Property Type	Residential	Parking Ratio	1.49/1,000 SF
Property Subtype	Apartment

Price	£1,382,517
Price Per Unit	£172,815
Sale Type	Investment
Net Initial Yield	4.99%
Sale Conditions	1031 Exchange
No. Units	8
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.99 AC
Building Size	6,435 SF
Number of Floors	3
Year Built	1970
Parking Ratio	1.49/1,000 SF

Unit Amenities

Balcony
Dishwasher

Heating

Kitchen

Tub/Shower

Site Amenities

Laundry Facilities

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
2+1	8	-	695 - 725

1 of 1

Walk Score ®

Very Walkable (85)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers	Multiple R124233 R124065	Improvements Assessment	£0
Land Assessment	£892	Total Assessment	£571,607

PROPERTY TAXES

Parcel Numbers

Multiple

R124233
R124065

Land Assessment

£892

Improvements Assessment

£0

Total Assessment

£571,607

zoning

Zoning Code	RM2 (The RM2 zone is characterized by 3-4 story buildings. Middle housing now available to add additional units. Buyer to verify development potential.)
RM2 (The RM2 zone is characterized by 3-4 story buildings. Middle housing now available to add additional units. Buyer to verify development potential.)