Rhine Street Apartments are located at the itersection to two major connector streets in Portland; SE 82nd Ave and SE Powell Blvd. These thoroughfares connect this property to the international airport to the north and the central business district to the west.. Both destinations are accessible within 20 minutes using public transportation. Rhine Street Apartments are surrounded by retail, entertainment, and educational institutions; it is an ideal location for young professionals.

Location Description:

Rhine Street Apartments sits on 27,000 SF land. Directly to the north is a small retail center, to the west a popular Barbeque restaurant and to the south and east are residential homes. The property was built in 2009 and has been maintained by the developer. Rhine Street is a pride-of ownership apartment building designed with condo quality upgrades and built with above-average construction. Each Full-size washer/dryers, fire sprinklers, ceramic tile entries, brushed nickel fixtures, and condo-grade sound proofing.

Highlights:

>> 30 units near busy intersection

>> Close to mass transit and multiple retail centers

>> Well maintained and managed by original builder

>> Excellent location with minimal vacancy

>> Condo Quality Upgrades

* Email for additional photos

Sales Info:

>> Cap rate: 6.57%

>> NOI: $195544