The Greenburg Townhomes are located in the strong sub-market of Tigard, Oregon and are comprised of 8 large townhome style units. Each apartment features 2 bedrooms and 1.5 baths, spacious floor plans, off-street parking, and private back patios. Tenants benefit from a unique oversized lot of nearly half an acre, with ample green space and is located nearby.The property has operated at a historically low vacancy, which is in line with the latest average vacancy rate reported for the Tigard submarket 2BR townhome style units at 2.55% (Multi-Family NW, Fall 2023). This opportunity provides a new owner with a significant and realistic path to organically increase the revenue at lease renewals or turnovers (the average in place is approx. 10-15% below market). There is also a value-add component by implementing a RUBS system in the future, as there is not one currently in place.Excellent access to transportation, via 217, I-5, and 99W ? and along the path of progress as Tigard continues to make improvements in the surrounding areas. The property has been well maintained and provides a stable home for an investor, with a proven path to grow and get up to market rents.
Room Features
Basement DescriptionCrawl Space
Lot & Building Features
CoolingNone
HeatingBaseboard
Parking DescriptionOpen
SewerPublic Sewer
WaterPublic Water
Water HeaterElectricity
Community and Schools
Elementary SchoolMetzger
Junior High SchoolConestoga
Senior High SchoolSouthridge
Unit Features
Unit Type 1 Actual Rent1468
Unit Type 1 Area909
Unit Type 1 Baths Total2
Unit Type 1 Beds Total2
Unit Type 1 FeaturesDishwasher, Refrigerator, Range, Disposal
Unit Type 1 Units Total8
Price History of 11445 GREENBURG RD, Portland, OR
Date
Name
Price
Difference
05/10/2024
Price Adjustment
$1,550,000
7.46%
03/04/2024
Listing Price
$1,675,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
11445 GREENBURG RD (MLS #24177213) is a multi-family listing located in Portland, OR.
This multi-family listing is 7,272 sqft and on a lot of 18,730 sqft (or 0.43 acres) and is 57 years old. This property was listed on 03/04/2024 and has been priced for sale at $1,550,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
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