For Sale > The Burlingame Apartments

6202 SW Burlingame Portland, OR 97239

  • 23,830 Square Feet
  • Multifamily-Apartment
  • For Sale

Summary Description

The Burlingame Apartments is an attractive, well maintained, garden style apartment consisting of one building with the potential for nine one bedroom units. Built in 1970, the average unit is 715 sf. Equipped with two access driveways and is surrounded in a bucolic setting with a creek, abundant tress around the perimeter. The Burlingame Apartments provide a quaint space for it’s tenants. Located in the Hillsdale Neighborhood of SW Portland, Burlingame provides a reasonable commute to the inner-core. Hillsdale is also a popular established community that is family friendly with a suburban feel and urban amenities, such as restaurants, and neighborhood retail services. Nearby parks include George Himes Park, Terwilliger Park and Hillsdale Park. Burlingame is ideal for those who do not wish to live in an urban environment but would like ease of access to one.

The site is greatly underutilized at a total of 23,830 square feet. By virture of the underlying R1 zoning the site can accommodate up to 24 units, and according to an Early Assistance meeting the Seller has had with City of Portland Bureau of Development Services the site may be eligible for density bonus and height restriction variances allowing as many as 36 total units on the site.

This Offering Memorandum contains select information pertaining to the business and affairs of the Property at 6202 SW Burlingame Ave., Portland, Oregon. It has been prepared by Colliers International. This Offering Memorandum may not be allinclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property.

Property Status: For Sale

Area Available: 23,830 Square Feet

Features:

  • 3 Stories, 6,435 net rentable square feet
  • Garden Style, wood frame construction
  • 8 garden style apartments with one to be completed, average unit size of 710 square feet
  • Walk Score of 72, Transit Score of 48
  • Community amenities include laundry
  • In addition to the cash-flow, this site has the potential to build up to 27 additional units

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