Large multi-family (5+ units) buy & hold investment in Portland.
Purchase price: $1,220,000
Cash invested: $440,000
This 8-plex multifamily property is located in the Vista Hills neighborhood and is close to shopping, bus lines, public transportation, Cedar Hills Crossing, and Central Beaverton. It is also approximately 1-mile away from Raleigh Park and Swim Center, West Sylvan Park, and Ridgewood View Park.
All of the apartment units have the 2 bedroom/1.5 bathroom layout. Both bedrooms and the full bathroom are located upstairs with the kitchen, living room, fireplace, garbage disposal, dishwasher, washer/dryer, and half bath on the main level. The flooring and paint have been recently updated and there are newer vinyl windows throughout. There is a deck and an additional storage space located off the living room. From the deck, you can enjoy the wooded view and hear the water from Golf Creek running.
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