Summary

The French Chateau is a 17 unit apartment community located in the Beaverton, Oregon.  The property was built in 1971, and features large 2br/1ba floor plans (1,000 sq. ft) with open concept living and full size washer/dryer hook ups in each unit.  The property has undergone a complete transformation in 2023, with recent capital improvements including New roofing, New siding, New vinyl windows, and New landscaping.  Various unit upgrades have been completed in recent years, resulting in strong lease up rents on new units garnering $1,895-$1,995 in 2022/2023.  The strong fundamentals of the Beaverton market, along with the unique attributes of the French Chateau provide a rare opportunity for a buyer to step in and capitalize on finishing out a proven value add model displayed over the past few years.  The current average rent in place is approximately 15% below the current market rent, providing the opportunity for a buyer to step in and organically grow the rents over the next few years to market levels.  Rare opportunity to invest in a upgraded Washington County asset, with significant upside in the rents.