Wow! Price has been lowered to $399,500 for this SE Portland 5-plex. This is a two story, five unit apartment complex on a corner with a metal roof. Two units are downstairs, one with a yard, and three units are upstairs. These are basic, low rent apartments that are always in demand by tenants. It is easy to get to downtown from this location and bus lines are nearby.

The owner pays electric, water & sewer and charges each of the tenants for these utilities. By the way, the rents are below market levels and could be raised.

There have been extensive capital improvements done in the last two years: Replaced sewer line to street, upgraded electrical boxes, wiring, and outlets at a cost of $50,000.

Drive by 245 SE 80th Ave., Portland. Please do not disturb the tenants. Interior inspection shown only after acceptance of an offer. List Price Now Only $399,500.

Call me for more information.

George Thompson

(503) 317-0180

Realty Direct Northwest

GT556@Outlook.com