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.