The Tamaryn Apartments

6955 SW Dakota Street,
Tigard, OR 97223

$12,000.000, 62 Units

$12,000,000
Offering Price
11.60
GRM
$193,548
Price Per Unit
62
Number of Units
5.56%
Cap Rate
50,492
Building SF
$12,000,000
Offering Price
11.60
GRM
$193,548
Price Per Unit
62
Number of Units
5.56%
Cap Rate
50,492
Building SF

Investment Summary

  • Built in 1978, The Tamaryn Apartments are located centrally to both Downtown Tigard and area freeways. The property is comprised of 62 apartment homes that feature a unit mix of 35 single level duplex apartments with 2 bedrooms/1 bathrooms and 788 sq ft, 20 Townhome units with 2 bedrooms/ 1 bathrooms and 832sqft, and 7 Townhomes with 2 bedrooms/1 bathroom and 896 sq. ft. The property offers 57 garages which produce significant additional income. Unit interiors offer engineered wood flooring, spacious floor plans, washer & dryer hooks ups and private back yard space. The Tamaryn Apartments are made up of 9 buildings which are a mix of both 1 & 2 two story apartment homes. All have wood frame construction and pitched composition roof.

Investment Highlights

  • Townhome & Duplex Options
  • Onsite Laundry & Hook Ups
  • Private Back Yard Space
  • Garages Onsite for Additional Income
  • Convienient Location for Commuters

Location Summary

  • The Tamaryn Apartments are located 11 miles south of Portland in beautiful Tigard, Oregon. With a diverse economy, strong schools and outstanding parks, Tigard is one of the most livable cities in Oregon. Since its incorporation in 1961, the city has grown to become a desirable and affordable community in the Portland metro area. Residents enjoy access to more than 16 miles of paved trails and nearly 550 acres of parks and open spaces. Residents have a range of public transportation choices to nearby Portland, Beaverton and Hillsboro. Other amenities include shopping at Bridgeport Village and Washington Square Mall as well as easy access to multiple full-service medical facilities. The Cascade Mountains, Oregon’s famed beaches and the Columbia Gorge are all accessible as day trips. Along Main Street in Downtown Tigard and you'll discover a picturesque shopping district nestled among the trees, defined by brick-paved walkways and period lighting. Complete with art walks, corner bistros, art galleries, and sidewalk cafes Tigard is home to the annual Hot Air Balloon Festival as well as the only glass-blowing art studio in the region, Live Laugh Love Art. Nearby schools include Metzger Elementary School,Thomas R Fowler Middle School, and Tigard High School. The closest grocery stores are Saf-Fest Products Co, Open Market and Cost Plus World Market. Nearby coffee shops include Starbucks, Silver Bullet Coffee and TOWER CAFE. Nearby restaurants include Subway, Gustav's Pub & Grill and Pasto's Italian Bestro Inc. 9655 SW North Dakota St is near Woodard Park, Commercial Park and Black Bull Greenway. Tigard's population in 2016 was estimated at 51,902 and a median household income of $65, 505. Upcoming projects in Tigard include the newly approved route alignment for a new light rail line that will serve southwest Portland, Tigard and Tualatin. Four stations will be located within Tigard along the 12 mile route. Tigard is expected to see population increase of up to 7% between 2018 and 2023.
  • Built in 1978, The Tamaryn Apartments are located centrally to both Downtown Tigard and area freeways. The property is comprised of 62 apartment homes that feature a unit mix of 35 single level duplex apartments with 2 bedrooms/1 bathrooms and 788 sq ft, 20 Townhome units with 2 bedrooms/ 1 bathrooms and 832sqft, and 7 Townhomes with 2 bedrooms/1 bathroom and 896 sq. ft. The property offers 57 garages which produce significant additional income. Unit interiors offer engineered wood flooring, spacious floor plans, washer & dryer hooks ups and private back yard space. The Tamaryn Apartments are made up of 9 buildings which are a mix of both 1 & 2 two story apartment homes. All have wood frame construction and pitched composition roof.
FOR MORE DETAILS CONTACT
Grayson Pounder
President, Principal Broker
(503) 680-4638
Grayson@PounderRealty.com
200008193
Tyler Gerding
Vice President, Broker
503-467-8901
Tyler@PounderRealty.com
201010006