The La Crescenta Apartments, located in Milwaukie, Oregon features fourteen two-bedroom, one bath apartments with approximately 800 square feet. The sellers have owned the property since 1989, and prepared for the sale in 2018 by investing over $100,000 in repairs and turnover. The property is located near the Boardman Wetland Project, a park that will provide trails, nature areas and green spaces to the community.
Price Per Unit: $132,142
Price Per Square Foot: $165
Estimated Cap Rate (Actual rents, stabilized expenses): 6.58%
- Four of the units featured updated flooring and kitchens.
The solid vinyl flooring looks and acts like hardwood floors.
More interior photos.
Each unit features washer and dryer hookups.