Investment Highlights
- Blank-Slate Value-Add Opportunity: All unit interiors retain original finishes, providing rental upside which is projected to lead to roughly $325/mo. premium with a value-add renovation program.
- Market-Leading Floor Plans & Unit Amenities: Spacious floorplans averaging ±1,025 square feet, including 58 lofted townhome-style layouts (50%). All units have central A/C and gas fireplaces.
- Significant Discount to Replacement Cost: Large floor plans with ample parking and amenity spaces in an infill location, the cost to reproduce Maple Ridge is estimated to be ±30% higher than guidance.
- Pride of Ownership: Maple Ridge has been cared for by the same ownership group for over 25 years. The attentive approach to property operations has led to a high retention rate and a strong operating history with an average occupancy rate of 97.1% over the last 12 months.
- Strategic Location & Accessibility to Employment Drivers: Located near the confluence of Mill Plain Boulevard and Interstate 205, providing residents direct access to the nearby employment drivers, downtown Vancouver Waterfront, PDX Airport, and the greater Portland MSA.
- #1 Fastest Growing City in the Pacific Northwest: Vancouver was recognized by the Census Bureau in 2023 as the fastest-growing city in the Pacific Northwest. In 2022, Clark County gained an estimated 14,000 new residents relocating from Multnomah County, largely due to its distinct tax landscape.
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