Sold! 12 Units in Beaverton, Oregon

HFO is pleased to announce the sale of this 12-unit townhome community in Beaverton. This property consists of 2-bedroom townhomes with private laundries, carport parking, and backyard patios. The seller had completed extensive updates to the property's exterior, including new roofs and siding. Most units had some interior updates.

Historical operations at the property were impacted by the renovations and a lack of management oversight. Vacancies were above market for the submarket and ongoing renovations limited the ability to lease apartments. HFO targeted investors with portfolios on the west side of the metro area, helping those potential buyers understand the management upside opportunity.