Crescent Ridge Apartments

7860 SW Hall Boulevard, Beaverton, Oregon 97008

$5,775,000

Status:
In Contract
County:
Washington
Units:
36
Year Built:
1974
Unit Price:
$160,417
Land Size:
1.72
Building Size:
34,020 sq. ft.
Price per SF:
$170
CAP Rate:
5.0%
Unit Mix:

Thirty-six (36) units consisting of two (2) 1-bed 1-bath, twenty-six (26) 2-bed 1-bath, one (1) 2-bed 1.5-bath and seven (7) 3-bed 1.5-bath apartments.

Floors:
2
Open Parking:
Yes
Laundry Room:
On-site
On Site Manager:
Yes
Pool:
Seasonal
Property Photo

Crescent Ridge is an exceptionally well maintained 36-unit garden-style community centrally located in Beaverton, Oregon. The majority of the property's spacious apartments are large 900 square foot two-bedroom units. New leases at Crescent Ridge average 3.9% higher than current rents and comparable properties indicate an opportunity to further increase rents. The combination of Crescent Ridge’s strong westside location and its potential to increase rents makes the asset an outstanding investment opportunity.

36
Units
1974
Year Built
34,020
SQ. FT.

Property Location