Hallwood Apartments

Beaverton, OR

 

VIEW MULTIFAMILY FUND IV

Number Of Units

76

Acquisition Price

$12,250,000

Sold Price

$21,500,000

Hold Period

57 months

Project Level IRR

26.23%

Project Level EM

2.70

Property Photos

Investment Highlights

This 76-unit garden style apartment community was constructed in 1986 and has been well maintained by prior ownership. The property consists of spacious one and two-bedroom units, all equipped with washers and dryers, in addition to a swimming pool, luscious landscaping, covered parking, and a leasing office. The opportunity lies in renovating the interiors of the units and the amenities to modern finishes, thereby increasing market rents and value of the asset. The Beaverton market is experiencing rapid growth as Nike plans to expand its facilities with a $380 Million expansion, adding more jobs to its current 8,700 employment count. The property is in a major employment corridor within minutes of employers such as Intel, Salesforce, Yahoo, Oracle, and Tektronix.

HubSpot Contact Form
An accredited investor must meet one of the following: 1) An annual income of at least $200,000, or $300,000 when combined with spouse’s income; 2) Holds a valid Series 7, 65, or 82 license; 3) Has a net worth of >$1 million, excluding value of a primary residence.


Submit

Hallwood Apartments on Map