Chesapeake Pointe
4400 SE Naef Road, Milwaukie, Oregon 97267
Description:Chesapeake Pointe is a tremendous opportunity to invest in the epitome of strategic apartment acquisitions where high barriers to entry exist. This property is a well-located low-density oasis that offers a park-like feel just minutes from downtown Portland. Chesapeake Pointe has been well maintained but offers significant upside potential through strategic repositioning via additional capital improvements to take advantage of the strengthening rental market. To see the property flyer and sign a confidentiality agreement and request access to the full Offering Memorandum:
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Price: $11,700,000
Status: Available
County: Clackamas
Unit: 159
Unit Mix: (96) 1-bed 1-baths, (36) 2-bed 1-baths, and (27) 2-bed 2-baths.
Hot Tub: Y
Floors: 2
Patio/Deck: Yes
Cover Parking: 52 spaces
Siding: Hardi
Heat Type: Electric
Fire Place: In Penthouses
Storage: Yes
Pool: Yes
Roof Type: Composite
Garages: 59 detached garages
Year Built: 1988
Building Size: 132,462
Land Size: 5.44 Acres
Unit Price: 73585.0000
Price per SF: 88.3300
CAP Rate: 6.15%
Rec Room: Yes
Fitness Center: Yes
Open Parking: 137 Open Striped Spaces
Laundry Room: Yes
WD Hookup: In 2-bedrooms
Rental Office: Yes
On Site Manager: Yes