Project Description

Beaverton, Oregon

The Larch Drive Townhomes is a 20-unit townhome complex located in Beaverton, Oregon. Each unit is 2 bed x 1.5 baths, 1,055 SF spread across two levels and features an attached garage. Each unit also includes a washer and dryer, fireplace, and balcony. The property grounds are well kept throughout the year and also include a playground.

The Larch Drive Townhomes are just east of Highway 217 and less than a mile from downtown Beaverton. Destination retail within that one mile radius include Fred Meyer, The Home Depot, Target, Trader Joes, Goodwill, and Uwajimaya plus many restaurants, shops, and services.

The subject property is also within a mile and a half of the Beaverton TC WES Station, which services two light rail lines – Red which runs from Beaverton to the Portland International Airport and Blue which runs from Hillsboro to Gresham. Both of these lines stop in downtown Portland where riders can transfer light rail lines – all of which service the greater Portland area.

Transaction Details

CLOSING PRICE

$2,975,000

CAP RATE

5.3%

BUYER

Private Investor

SELLER

Private Investor

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