NEW LISTING!! The Bridgecrest Apartments - 35 Units - $6,295,000

HIGHLIGHTS

  • Option for Seller Financing, for highly qualified investors.
  • Rare opportunity to invest in the strong performing St. Johns Apartment Market.
  • Large & Unique floor plans with significant upside in the rents and opportunity for
    additional growth.
  • Large, oversized balconies on select units - many units have spectacular views of St.
    Johns Bridge, especially during Fall and Winter after leaves have fallen.
  • Pride of ownership management in place, with extensive capital improvements
    completed over the ownership period.
  • Operational value-add opportunities, immediate ability to drive future revenue through
    strategic and more aggressive management.
  • Option for construction of additional units over former pool area. Buyer to verify. Seller
    to provide architect plans.
  • Plentiful parking on-site, along with three garages.
  • Expansive secure storage options on-site.
  • Two laundry rooms on-site to accommodate each building.
  • Urban draw, walking distance to many nearby amenities – Cathedral Park, Downtown
    St Johns (many dining, shopping, and entertainment options)
  • Central Location just steps from the iconic St. Johns Bridge, & Willamette River –
    providing expansive recreational opportunities
  • Ease of access to many of the unique amenities the Portland Metro has to offer (NW
    Portland Vancouver, North Portland, Recreation, etc.)
  • High demand and strong tenant base, with many long-term residents. Owner has
    operated the property without the need for on-site staff.

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