Ivy Lake – 7055 SW Ivy Lane, Portland, OR
- 85 Units
- 6.2% - Proforma Cap
- Date Sold: April 2013
Ivy Lake is an 85-unit apartment community nestled in a natural wooded area boarding a wildlife wet land preserve and Fano Creek in the affluent Raleigh Hills area. The property comprises 5 single story plex buildings which were constructed in 1958 and 6 two story buildings constructed in 1972.
The unit mix consists of 1 studio, 31 – 1bd 1ba, 34 – 2bd 1ba and 19 -3bd 1ba apartments. Extensive exterior capital improvements have been completed including new roofs, paint, some siding, landscaping, upgrades tothe pond and retention system with new pumps, and some parking surfaces.