6215 Hazel StPortland, OR 97206

Property Details for 6215 Hazel St

Lot size

0.14 AC

Property size (Sq ft)

5,534 SF

Property type

Retirement homes

Property subtype

Assisted living facilities

Description

This exceptional 10-unit assisted living facility in Portland, Oregon, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong NOI of $400,000, generating an impressive 18.26% cap rate, this property offers significant financial returns. The 5,534 square foot building, situated on a 0.14-acre lot in Clackamas County (APN 00056913), underwent renovations in 2008. The property features ten private ground-floor units, designed for memory care, and a spacious five-bedroom apartment on the second floor, totaling 15 bedrooms and 7 bathrooms. The building is zoned R7 and is offered as a turnkey operation, including the real estate and established business. This owner-user opportunity requires a licensed administrator. The asking price is $2,190,000 and is eligible for a 1031 exchange. This is a rare chance to acquire a high-performing, fully occupied senior living facility in a desirable Portland location. The property's strong financials, excellent location, and established reputation make it an ideal investment for experienced operators seeking a stable and profitable venture. The property is a two-story building.

Location Insight

City

Portland

County

Clackamas

State

Oregon

Latitude

45.4601

Longitude

-122.599

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