Investment Overview

The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of The Lynisa. This garden style apartment complex presents an excellent opportunity to acquire a value-add investment in a growing suburb of Portland. This community offers twelve total units with a healthy mix of primarily two bedroom townhomes and by four one bedroom flats. The Lynisa was constructed in 1989 and has been under the same ownership for over 30 years. The property has been well maintained with upgraded finishes in select unit and newer exterior paint. Residents enjoy the oversized floorplans, off-street parking, individual exterior entry, and easy access to major roadways while still being in a quiet residential neighborhood. The property is poised to take advantage of the suburban rental market. Within walking distance of Mcloughlin Blvd, the asset provides for unique retail and dining options, and the property is well-positioned to continue serving the Gladstone community well into the future.