On the Market: 5 Interesting CRE Listings for the Week of 8/1

This week's listings include a vintage property on San Francisco's famed Lombard Street and a new-construction fourplex in Portland, Ore.
  • by the Editors of Multi-Housing News | Aug 05, 2016

On the Market is a weekly department curating the most interesting recent for-sale CRE assets. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Mallory Bulman, Associate Editor.

greely5610 N Greeley

Location: Portland, Ore.

Offering Price: $1.2 million

Price/Unit: $300,000

Units: 4

Features: New construction; located in Overlook neighborhood; all units have two bedrooms and one bathroom; new finishes include cork floors and stainless steel appliances; located less than one block from transit and one-fourth of a mile from the Adidas campus.

Contact: Nick Krautter, KW Commercial, 503-748-8206

lombardLombard Apartments

Location: San Francisco, Calif.

Offering Price: $2.8 million

Price/Unit: $475,000

Units: 6

Year Built: 1909

Features: Located on San Francisco’s famous Lombard Street; unit mix includes six two-bedroom/one-bath units and one large studio; upside potential of 50 percent from current rents; select units have hardwood floors and granite countertops; large communal rooftop deck; public transportation options within one block; located within Marina District, one mile from San Francisco Bay and Fisherman’s Wharf.

Contact: Kyle Mirrafati, Matthews Real Estate Investment Services, 310-295-4269

cocoCoco Palms

Location: Lighthouse Point, Fla.

Offering Price: $2.9 million

Price/Unit: $163,388.89

Units: 18

Year Built: 1982

Features: Unit amenities include central AC, dishwasher, ceramic tile, new appliances, granite counters; additional income available through laundry services; located in close proximity to retail, restaurants, transportation options.

Contact: Daniel Otten, Friedman Integrated Real Estate Solutions, 954-246-6636

pavonEl Pavon Apartments

Location: El Paso, Texas

Offering Price: $5.7 million

Price/Unit: $49,137.93

Units: 116

Year Built: 1993

Features: Community includes 19 buildings with two stories each; units include appliances, garbage disposals, ceiling fans and washer and dryer connections; communal amenities include a large outdoor swimming pool with sun deck, a sport court, volleyball court and laundry room; located at high-traffic intersection of Mesa Street and Country Club Road.

Contact: M. Stan Okies, Consultants of Real Estate, LLC, 915-630-9710

knollKnollwood Manor Apartments

Location: Athens, Ga.

Offering Price: $3.8 million

Price/Unit: $60,156.25

Units: 64

Year Built: 1996

Features: Located on north side of Downtown Athens; unit mix is comprised of 32 two-bed/two-bath units and 32 three-bed/two-bath units; community located 70 miles northeast of Atlanta, 2 miles from the UGA Arch and the center of downtown.

Contact: Brian Elrod, Coldwell Banker Commercial Upchurch Realty, 678-859-6110