Stark Street Apartments

Loan Amount

$3,060,000

Lender

Agency

Loan Type

Permanent Debt

Stark Street Apartments is a charming 15-unit building located on a 10,394 square foot parcel of prime Southeast Portland land. The exterior of the building is attractive with new windows, beautiful updated landscaping, new walkways and stairs, and the neighborhood setting. Built in 1964, this building features 14 one-bedroom/onebathroom apartment homes and a wonderful two-bedroom/one-bathroom apartment. The desirable location and strong rental market of inner Southeast Portland is centrally located, the property is just minutes away from the Morrison Street Bridge and downtown Portland while providing convenient access to all of Southeast Portland. The site benefits from new construction in the area including Market of Choice and over 400 multi-family units.