6215 Hazel St Portland, OR 97206
- Retirement homes
- 5,534 SF
- 0.14 lot acres
Current Use by Public Records
- Autumn Garden Home RCF LLC / Retirement Home
Property Details for 6215 Hazel St
- Lot size
- 0.14 lot acres
- Property size
- 5,534 SF
- Property type
- Retirement homes
- Property subtype
- Assisted living facilities
- APN
- 00056913
Description
This exceptional 10-unit assisted living facility in Portland, Oregon, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong NOI of $400,000, generating an impressive 18.26% cap rate, this property offers significant financial returns. The 5,534 square foot building, situated on a 0.14-acre lot in Clackamas County (APN 00056913), underwent renovations in 2008. The property features ten private ground-floor units, designed for memory care, and a spacious five-bedroom apartment on the second floor, totaling 15 bedrooms and 7 bathrooms. The building is zoned R7 and is offered as a turnkey operation, including the real estate and established business. This owner-user opportunity requires a licensed administrator. The asking price is $2,190,000 and is eligible for a 1031 exchange. This is a rare chance to acquire a high-performing, fully occupied senior living facility in a desirable Portland location. The property's strong financials, excellent location, and established reputation make it an ideal investment for experienced operators seeking a stable and profitable venture. The property is a two-story building.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.59901331399
- Latitude
- 45.460076588352
