Overview

Description

Portland continues to be one of the strongest multifamily investment markets in the nation. With one of the highest inbound migration rates nationally, its relatively low cost of living, high quality of life, and a looming housing shortage, the area’s apartment market is poised for long-term appreciation. The Simpson Street Apartments is an ideal opportunity to acquire a turnkey asset in this growing market.

Newly built in early 2020, the 100% occupied building pairs attractive floor plans with top-of-theline finishes. The Simpson Street Apartments feature a diverse unit mix of studios, one-bedroom flats, and two-bedroom townhome units. All apartments include high-end finishes like quartz countertops, wood-grained luxury vinyl plank flooring, stainless steel appliances, dishwashers, garbage disposals, and in-unit washers and dryers

INVESTMENT HIGHLIGHTS

Unlike older apartment assets whose aging building systems require ongoing expensive capital improvements, the Simpson Street Apartments offer investors an excellent opportunity to acquire a genuinely turn-key, cash-flowing investment property with:

• New roofs
• New windows
• New siding
• New plumbing
• And new electrical systems

Highlights

• New construction
• In-unit washer & dryer
• Stainless steel appliances
• Outstanding Alberta location
• Gated with security code access

Documents

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