Property Description

Chateau Apartments is owned by Home Forward, the Housing Authority of Portland, and will be sold as-is with no repairs by seller. Sale is subject to removal of existing HUD rent and income restrictions and Home Forward Board approval prior to closing; please allow approximately 60 days for these approvals.All ten (10) units will be delivered vacant at closing, providing a rare opportunity for immediate renovation and lease-up without relocation or holdover risk.Due to the building being secured during vacancy, no in-person interior tours will be provided prior to an accepted offer. 3D virtual tours are available for preliminary review of 9 of the 10 units, with the remaining unit pending move-out.Buyer to verify all information including unit sizes, zoning (RM2), and redevelopment or repositioning potential. The current governmental property tax exemption is not expected to continue after transfer. Unit mix consists of ten (10) 2-bedroom / 1-bath units ranging approximately 677-717 SF.