Westview Villa offers an investor the opportunity to own a well maintained, value-add asset located in a growing Portland suburb. The property’s seven buildings offer 2 and 3-bedroom townhome floorplans to satisfy demand from professionals and families moving out of city’s inner core seeking more space. Interior features include fireplaces, full-sized washer/dryers, and private patios comprising an competitive amenity set.
This asset has been family-owned since 2000. Despite few upgrades to unit interiors, it has been a reliable asset producing consistent income through high occupancy and the adjustment of rents to near- or at-market with organic turnover. An investor can immediately benefit from this continuation of market rate practices.
As natural turnover occurs, an investor can execute additional capital improvements to upgrade unit interiors with modern finishes. Enhancing community amenities could also improve cash flow over time.
- Province / State: Oregon
- City / Town: Milwaukie
- Postal code / ZIP: 97267