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Listed by SMI Commercial Real Estate LLC
$ 2,950,000
Est. payment | /mo
9,002 SqFt
$ 2,950,000
Est. payment | /mo
9,002 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,002 sqft
Price per Sqft $327
MLS Listing ID 495498306
Year Built 2020
Annual Tax Amount $31,730
Tax Year 2025
Lot Size 6,098 Sqft
Property Description
SELLER FINANCING NOW AVAILABLE. CALL BROKER FOR INFORMATION.Kern Park Apartments is an excellent opportunity to acquire a high-quality 2020-construction apartment building in Southeast Portland. Located at 6940 SE Long St, Kern Park Apartments is a 15-unit asset with a balanced units mix featuring nine (9) one-bed/one-bath units and six (6) two-bed/ one-bath units. The efficient unit layouts and modern finishes offer residents a clean, comfortableliving environment in an actively growing submarket.The building showcases the benefits of newer construction: fully sprinkled, separately metered, and built with durable, high-quality, sound-dampening materials. Systems and interiors reflect a “builtto- hold” standard rather than value-engineered construction, giving the property lower operating intensity compared to older competing stock. Residents enjoy contemporary interiors including stainless steel appliances, quartz countertops, modern cabinets, LVP flooring, and quality fixtures. All units have in-unit washers and dryers..With stabilized operations, limited to no deferred maintenance, and a location benefiting from continued neighborhood improvement, 6940 SE Long St represents a rare chance to acquire a modern, low-maintenance asset in one of Southeast Portland's most promising growth pockets.
Location
State OR
County Multnomah
Area _143
Zoning CM2
Interior
Heating Other
Cooling Other
Exterior
Garage No
Building
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Arleta
Middle Schools Kellogg
High Schools Franklin
Others
Acceptable Financing CallListingAgent, Cash, Contract, Conventional, OwnerWillCarry
Listing Terms CallListingAgent, Cash, Contract, Conventional, OwnerWillCarry
Nearby Locations
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Mitch Foteff
Partner | Lic# 25036270 | 201106062