18 bedroom house for sale

Overview

The community underwent a complete transformation in 2022 on both the interior and exterior, with each unit featuring new cabinets, flooring, paint, quartz countertops, SS appliances and various touches throughout

The Tabor Villa Apartments represent a unique opportunity to acquire a turn-key and stabilized asset in the well performing central Southeast Portland sub-market. The property is comprised of 11 units, and is well situated in a quiet residential setting, making for serene living for the residents. Located in the Montavilla neighborhood, near local colleges (Warner Pacific and PCC) and just blocks from the popular amenities along the hubs of SE Portland, Hawthorne, Division, etc, the property appeals to a broad tenant base. The community features single level, modernized apartments with spacious floor plans, and on-site parking. The community underwent a complete transformation in 2022 on both the interior and exterior, with each unit featuring new cabinets, flooring, paint, quartz countertops, SS appliances and various touches throughout.The property was leased up at strong rental rates in 2022 and 2023, allowing the opportunity for an investor to step in and reap the benefits of a stabilized investment with strong cash flow day 1. The investment also provides additional upside as units re-lease during more favorable leasing months (Spring/Summer), and as the community transitions to a tenant utility bill back system which is currently in motion ( 5 out of 11 units are now on the new system, and the income should continue to increase as more units are added). A truly unique and quality investment opportunity, with the upgrades in place to meet the demands of today's renters.