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.
24177213
Other, 2 Story
Washington
1967
0.43
Acres
2
Brick
Public Sewer
7,272
Sq. Ft.
GREENBURG
8 Total
School Information
Metzger
Conestoga
Southridge
Interior Features
- Cooling
- None
- Heating
- Electric Heating. Baseboard.
- Basement
- Crawl Space
Exterior / Lot Features
- Parking
- Open.
- Exterior
- Brick
- Roof
- Shingle
- Zoning
- Multi
- Additional Exterior/Lot Features
- Level, Secluded.
Financial Considerations
R274483
$12,113
Cash, Conventional
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