Thursday, May 27, 2010

Rare Apartment Investment Opportunity - Two Rennovated Properties - 51 Units - $6.5 million

The Glenn Apartments + Fontana Court are available as a portfolio purchase for $6,500,000. These urban properties offer an investor the opportunity to purchase two completely rehabilitated vintage buildings with condo quality finishes.

The Glenn Apartments is located in the highly desirable Hawthorne District of Portland.

Hawthorne Boulevard is located in the middle of one of Portland' s most popular destinations for shopping, dining, and living. The Hawthorne area has remained a popular place to live because of its easy access to public transportation and other local amenities. The area's tree lined streets, unique architecture, access to public parks, and great public school system add to its overall attractiveness.

Fontana Court Apartments are located in the popular Esther Short Neighborhood just blocks from Esther Short Park and the Vancouver Farmer' s Market. Downtown Vancouver attracts renters because of its easy access to the areas most popular restaurants, retail stores and entertainment hubs. In the last decade approximately $300 Million has been invested in the neighborhood's development and redevelopment projects.

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