Mediterranean Apartments
6320 SW Lombard Ave, Beaverton, OR 97008
Highlights
- History — Outstanding Rental History
- Access — Interior Access Building
- Luxurious Amenities — Indoor Pool & Sauna
- Laundry Available on Site — Laundry & Vending On Site
- Parking — Plentiful Off Street Parking
- Unique Floorplans — Large Floor Plans, Plentiful Storage, Downstairs Fenced Patios
- Upgraded Units Available — Most Units With Upgraded Flooring and Refinished Counters
Description
Built in 1968, The Mediterranean Apartments are a unique opportunity among the housing choices of Southwest Portland, Beaverton area. The property is comprised of 50 units with a mix of single studio and both one- and two-bedroom apartment homes. In total there are 1 studio apartment, 38 one-bedroom/one-bathroom units, 1 two-bedroom/one-bathroom unit, and 10 two-bedroom/two-bathroom units. This property boasts interior access with security door, indoor pool & sauna, onsite laundry, and plentiful off-street parking. The apartments include large floorplans, plentiful storage, and dishwashers. Upgraded units have wood-look vinyl plank flooring and refinished countertops in both kitchen and bathroom. All downstairs units have a fenced patio area.
The Mediterranean Apartments are comprised of a single two-story building with stucco siding and a flat roof.
Financial Summary
- Pro Forma EGI: $208,370
- Pro Forma Cap Rate: 6.16%
Gallery