Built in 1978 Timber Terrace is a Fourteen (14) unit apartment complex comprised of (3) 1 bed/1 bath and (11) 2 bed/1 bath units. The units average 674 square feet and 774 square feet, respectively. This property presents investors with an opportunity to acquire a value-add asset in a desirable location and to capitalize on the below market rents, 17% and 23% for 1- and 2- bedroom units, respectively Timber Terrace is expected to benefit from continued long-term demand for Southwest Portland. This is reflected in comparable Market Rents which average $1,425, $1,550 for 1- and 2- bedroom units, respectively.* * Value-Add Opportunity * Partial Renovations * Below Market Rents – 16% (1BD) and 19% (2BD) * No Utility Bill Back in Place * Spacious Units with Off-Street Parking * Convenient Location - Near Major Thruways with Access to Downtown