Investment Real Estate - Hillsboro, Oregon - Property Detail

<< Back to Property Search

Sold

Talisman Apartments

https://www.josephbernard.net/talisman-apartments

Address:: 177 SE 5th Ave, Hillsboro, Oregon 97123

Price:: $2,290,000

Units:: 14

Price per unit:: $163,571

Cap Rate:: 5.41%

Year Built:: 1973

Highlights

Central Downtown Hillsboro location, nearby to many amenities
Low vacancy sub-market
Efficient upgraded units, with W/D in each unit
Located 1 block from the Hillsboro Central MAX train station
Rent upside
Many recent capital improvements

Get More Information

Please fill out the fields below to receive further information about Talisman Apartments

Sold

Talisman Apartments

Summary

The Talisman Apartments feature 14 units in the high demand sub-market of Hillsboro, Oregon. The property benefits from a central location, near public transit and walking distance to many amenities within downtown Hillsboro. The property has undergone many improvements in recent years, including new roofing, new exterior paint, vinyl windows, and many interior upgrades at turnovers. A new owner benefits from a very low vacancy sub-market with strong in place operations, along with additional upside in the rents by bringing all units up to market levels. A rare opportunity to invest in one of the most in-demand housing markets in Oregon.