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Multifamily

Theresa Terrace

4633 SW Huber St, Portland, OR 97219

Listing Price: $2,350,000

Cap Rate
5.71%
Number of Units
12
GRM
12.04
Price/Unit
$195,833
Price/Gross SF
$168.59
Gross SF
13,939

Investment Overview

The Rhoades Group of Marcus & Millichap is
pleased to exclusively represent the sale of
Theresa Terrace Apartments, a well-maintained
asset in desirable southwest Portland. The
property is comprised of 12 units, eight of which
are two bedrooms, complemented by three one bedroom
units and a single studio.

The diversity of unit mix and proximity to
both neighborhood amenities and downtown
Portland make this an easy-to-own asset with
strong long-term growth potential. Upside can
be achieved via several avenues. Rents are
approximately 14+% below market, allowing for
solid but achievable rent growth. Additionally,
eight of the 12 units have been remodeled, and
include updated flooring and cabinetry, stainless
appliances and granite kitchen counters.

This straightforward process can be continued
with the remaining units. Large windows provide
great natural light, and the property has updated
vinyl windows and a newer pitched composite
roof, as well as recently refreshed landscaping.
The community features off-street parking and a
shared laundry facility as both a tenant amenity
and an additional income stream.

Investment Highlights

  • Diverse Mix of Studio, One and Two Bedroom Flats
  • Recent Renovations to Majority of Units Including Flooring, Appliances, Cabinets and Counter Tops
  • Convenient Proximity to I-5 Hwy and Barbur Blvd

Exclusively Listed By

Financing By

Multifamily

Theresa Terrace

Listing Price: $2,350,000

Cap Rate
5.71%
Number of Units
12
GRM
12.04
Price/Unit
$195,833
Price/Gross SF
$168.59
Gross SF
13,939

Investment Highlights

  • Diverse Mix of Studio, One and Two Bedroom Flats
  • Recent Renovations to Majority of Units Including Flooring, Appliances, Cabinets and Counter Tops
  • Convenient Proximity to I-5 Hwy and Barbur Blvd

Investment Overview

The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of Theresa Terrace Apartments, a well-maintained asset in desirable southwest Portland. The property is comprised of 12 units, eight of which are two bedrooms, complemented by three one bedroom units and a single studio. The diversity of unit mix and proximity to both neighborhood amenities and downtown Portland make this an easy-to-own asset with strong long-term growth potential. Upside can be achieved via several avenues. Rents are approximately 14+% below market, allowing for solid but achievable rent growth. Additionally, eight of the 12 units have been remodeled, and include updated flooring and cabinetry, stainless appliances and granite kitchen counters. This straightforward process can be continued with the remaining units. Large windows provide great natural light, and the property has updated vinyl windows and a newer pitched composite roof, as well as recently refreshed landscaping. The community features off-street parking and a shared laundry facility as both a tenant amenity and an additional income stream.

Exclusively Listed By

Financing By

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