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Four-Unit Gresham Apartment Building Listed for $279,000

By Stephanie Sims | April 8, 2016 10:39am | Updated on April 8, 2016 2:25pm
 8756 S. May St.
8756 S. May St.
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GRESHAM — A rehabbed four-unit apartment building at 8756 S. May St. is listed for $279,000.

The building has a total of four bathrooms and eight bedrooms, an outdoor patio along with a two-car detached garage.

According to listing agent Alicia Greenleigh of Baird & Warner, the building's numerous recent updates include the windows, rear porch, electrical and intercom systems, and separate heating.

Each unit has open, airy rooms and large windows let in ample sunlight, Greenleigh said. The kitchen offers ample storage space and the closets are large as well.

Low operating costs make it possible for income generated from tenant rent and utility payments to cover the mortgage, Greenleigh said, and a coin-operated laundry room in the basement offers an additional revenue stream as well as convenience to tenants. 

 

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