OR > Portland
Portland, OR 97266,8205 SE HARNEY ST
Portland, OR 97266,8205 SE HARNEY ST
Portland, OR 97266,8205 SE HARNEY ST
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Mike Farrell

Mike Farrell

+1(360) 910-1926
Listed by Columbia Equity Advisors
$3,575,000
Est. payment /mo
1.55 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 557283272

Year Built 1970

Annual Tax Amount $6,380

Tax Year 2024

Lot Size 1.550 Acres

Property Description

Presenting a rare opportunity to acquire three value-add mobile home/RV parks with 59 total spaces in prime Portland metro locations: (1) 8205 SE Harney St, Portland, OR, (2) 8460 SE Clatsop St, Happy Valley, OR, & (3) 4720 NE 110th Ave, Portland, OR. Each park is connected to city water and sewer, with the ability to bill back utilities. Current rents are significantly below market, offering immediate upside through rent adjustments. Properties are valued at 75% occupancy, creating a strong path to boost NOI by filling vacancies.With several low-income housing incentives available, and located in a metro of over 2.5 million residents, these parks offer resilient cash flow and major long-term potential. Don't miss out on this rare portfolio with both stability and growth ahead! Investment Highlights:-ABILITY TO BILL BACK UTILITIES -RENTS ARE UNDER MARKET -VALUED AT 75% OCCUPANCY -LOCATED IN PORTLAND METRO AREA WITH POPULATION 2.5 MILLION -STABILIZED VALUE $5,735,000

Location

State OR

County Multnomah

Area _143

Zoning R7

Interior

Heating Other

Exterior

Waterfront Description Creek

View Creek Stream

Garage No

Building

Lot Description Corner Lot, Level, Stream, Trees

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Whitman

Middle Schools Lane

High Schools Cleveland

Others

Acceptable Financing CallListingAgent, Cash, Contract, Conventional, OwnerWillCarry

Listing Terms CallListingAgent, Cash, Contract, Conventional, OwnerWillCarry

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Regional Multiple Listing Service (RMLS)
Mike Farrell

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(360) 910-1926

mikehomecenter@gmail.com

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8205 SE HARNEY ST

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