Cloverleaf Apartments 1410-1420 SW Bertha Blvd 40 Unité Immeuble d’appartements 9 073 480 $ CAD (226 837 $ CAD/Unité) 4,75% Taux de capitalisation Portland, OR 97219

Cloverleaf consists of 40 units with significant value-add potential upside in one of Portland’s most desirable rental sub-markets. Rents are far below market.
Cloverleaf, offered for sale for the first time in 50 years, is a 40 unit garden style community located in desirable SW Portland. Built in 1965, the low density layout consists of four buildings on over 2 acres of land in a park-like setting. The unit mix is comprised of 9 one-bed/one-bath units and 31 two bed/one bath units, ranging from approximately 730 SF to 874 SF.
Tenants enjoy the abundant green space with garden area, off-street parking, dedicated management office, and on-site laundry with storage units. The current in-place rents are 15% below market. Additionally, no utility reimbursements are in place. With cosmetic upgrades and management efficiencies, Cloverleaf is primed for significant upside.
Cloverleaf is located in SW Portland, between SW Custer and SW Bertha Blvd, providing easy access to key corridors across the city. The I-5 freeway is only one minute away, making downtown Portland reachable within a five minute drive, and Beaverton is just 10 minutes west via Capital Highway. Several bus stops are situated near Cloverleaf and tenants can walk to Hillsdale’s quaint commercial center (0.5 miles away), as well as the Burlingame Fred Meyer (0.3 miles away). The immediate location has schools, parks, retail amenities nearby and is proximate to the region’s largest employment centers, including OHSU, PSU, and the downtown Portland CBD. Hillsdale City Park and George Himes City Park are just blocks from Cloverleaf.