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St. Mary's Crossing

St. Mary's Crossing

https://www.josephbernard.net/st-marys-crossing
Address:
4085 SW 160th Ave, Beaverton, Oregon 97078
Price:
$3,400,000
Units:
29
Price per unit:
$117,241
Cap Rate:
5.93%
Year Built:
1970

Highlights

  • Strong unit mix
  • Historically low vacancy submarket
  • Low density site
  • Value add opportunity
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St. Mary's Crossing

Summary

The St. Mary's Crossing Apartments is a well located apartment building with re-positioning potential, in the sub-market of Beaverton, Oregon. The property features a low density site with 8 total buildings, and an abundance of open green space. The majority of the apartments (26 out of 29) are large 2 bedroom floor plans, and consist of a good balance of recent turnovers and longer term tenancy. A new owner will have the opportunity to capture the upside in the rents, and will benefit from a historically low vacancy in the Beaverton market (Multi-Family NW reported a 3.50% vacancy rate for Beaverton in 2018).

Highlights

  • Strong unit mix
  • Historically low vacancy submarket
  • Low density site
  • Value add opportunity
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St. Mary's Crossing

SW 160th Ave/SW Shaw St

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St. Mary's Crossing

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St. Mary's Crossing

Document Title Document Type
Property Flyer Adobe PDF
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St. Mary's Crossing

Joseph Bernard, LLC
5200 S Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax
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