839 SW Green Ave Portland, OR 97205

This offering includes a portfolio of two adjacent properties, totaling seven units. One of the properties is the Cedar Hill Apartments, a building designed by Architect Henry Hefty in the American Renaissance style in 1910. The Cedar Hill Apartments features five studio apartments with oak hardwood floors, built-ins in the dining room, and remodeled kitchens and bathrooms that respect the 1910 era, completed between 2006 and 2008. Also between 2006 and 2008, the building received a new roof and updated electrical, including five meters, interior water lines, and 18 plumbing fixtures. The oil tank was recently decommissioned to DEQ Standards by Soil Solutions. The owner is responsible for garbage, water, sewer, and gas for the common hot water heater. Electrical is metered separately, and heat is provided by radiant floors in the kitchen and bath, plus zonal electrical heat. A common, coin-operated laundry is available. The properties have historically been owned as a package, with the seller preferring not to sell them separately due to a shared water and sewer line and some leases for SW Green using the parking lot adjacent to the SW Cactus property. The combined properties have a solid rental history with long-term tenants. The location is urban, situated 650 feet from Starbucks, Zupan's, and Uptown Shopping, and 0.25 miles from NW 23rd Ave.