Summary

The SE 162^nd courtyard apartments represent a value-add opportunity in the strong SE Portland apartment market. The property is comprised of 1, 2 and 3-bedroom apartments – featuring spacious single-level floor plans with private backyards. The units have been well cared for over the years with various upgrades, and select units feature washer/dryer hookups. The property has been self-managed since 2006 and has benefited from extremely low vacancy during that time period (approximately 1-3%). As a result, the rents have remained under market value, providing a new owner significant value to capture in the coming years. A true pride of ownership opportunity with the ability to improve the operations.