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Washington Square Apartments

Washington Square Apartments

https://www.josephbernard.net/washington-square-apartments
Address:
9550 SW Washington Dr, Portland, Oregon 97223
Price:
$4,450,000
Units:
28
Price per unit:
$158,929
Cap Rate:
5.27%
Year Built:
1968

Highlights

  • Attractive unit mix of all 2 bedroom units
  • Low density, courtyard setting
  • Central location in Washington County, near many amenities
  • Stabilized community with value-add opportunity through additional renovations
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Washington Square Apartments

Summary

The Washington Square Apartments represent a strong value-add opportunity in a well-established Washington County location. The community is comprised of all 2 bedroom units with historically low vacancy. Various upgrades have been made at the property through the years, resulting in a long-term established tenant base. Additional upside can be captured through continued renovations. Unique low-density setting nearby to many amenities.

Highlights

  • Attractive unit mix of all 2 bedroom units
  • Low density, courtyard setting
  • Central location in Washington County, near many amenities
  • Stabilized community with value-add opportunity through additional renovations
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Washington Square Apartments

SW Washington Dr/SW Hall Blvd

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Washington Square Apartments

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Washington Square Apartments

Phillip Barry
pbarry@josephbernard.net
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