6215 Hazel StPortland, OR 97206

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.