The units were built in 1999 and are located in Gresham, Oregon. The property is walking distance to Highland Fair Shopping Center and the Spring Water Corridor. Additionally, residents have easy access to the TriMet’s bus system and MAX light rail which serve as a convenient alternative to driving. The asset will provide investors with consistent cash on cash returns from day one, while providing enhanced returns through a strategic value-add program.
The property offers 1-3 bedroom apartments spread across 18 buildings and 9.23 acres. In-unit features include laundry appliances, stainless steel appliances, dishwashing appliances, updated light fixtures, brushed nickel hardware, and a wood burning fireplace.