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William Ridge Apartments

William Ridge Apartments

https://www.josephbernard.net/william-ridge
Address:
3550 SE 130th Avenue, Portland, Oregon 97236
Price:
$910,000
Units:
15
Price per unit:
$60,667
Cap Rate:
8.04%
Year Built:
1969

Highlights

  • Located on TriMet Bus Line
  • New Insulation & Countertops
  • Double Paned Vinyl Windows
  • Off-Street Parking
  • On-Site Laundry
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William Ridge Apartments

Summary

The William Ridge Apartments consists of four two-story buildings on two tax lots, making up a total of 17,155 building square feet and 38,526 lot square feet. This property has mostly two bedroom units with one three bedroom and one four bedroom unit.

The units at William Ridge include newer countertops, dishwashers, electric ranges and heat, and patios or decks. Energy efficient upgrades include double paned vinyl windows and new insulation.

The property has on-site laundry, off-street parking, and easy access to freeways and Portland's extensive public transportation.

Highlights

  • Located on TriMet Bus Line
  • New Insulation & Countertops
  • Double Paned Vinyl Windows
  • Off-Street Parking
  • On-Site Laundry
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William Ridge Apartments

William Ridge is located just south of Powell Blvd in the Powellhurst-Gilbert neighborhood of SE Portland, Oregon. According to the US Census Survey conducted in September 2011, this location has approximately 34,395 residents of which about 46% are considered renters.

According to PortlandConnected.com this neighborhood has been "blessed with natural beauty and plenty of opportunity for appreciation...". One of Powellhurst-Gilbert's greatest features is Portland's Powell Butte Park. Residents and tourists can enjoy hiking, bicycling, and picnicking in this patch of wilderness within the city.

The Portland rental market is ranked #4 in the country in terms of apartment rent growth, according to Axiometrics, Inc., a provider of data and analysis on the multi-family housing sector. Portland is also well known for its strong land-use planning and investment into public transportation.  Some of the larger Portland employers include Nike, Columbia Sportswear, Tektronix, Precision Castparts Corp. and Mentor Graphics Corp.

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William Ridge Apartments

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William Ridge Apartments

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William Ridge Apartments

Document Title Document Type
Property Flyer Adobe PDF
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William Ridge Apartments

Bernard Gehret
bgehret@josephbernard.net
Joseph Bernard, LLC
5200 SW Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
503.546.9395 Fax