Markana Apartments – 8585 SW Canyon Lane, Portland, OR
6.7% - Proforma Cap
Date Sold: December 2010
The Markana Apartments has a beautiful setting in Portland’s West Hills. Many of the units have valley views as well as views of the Oregon Coast Range. Some of the unusual features in a number of the apartment homes include vaulted ceilings, stone fireplaces, sunken living rooms, interesting floor plans and very spacious living areas. The average unit size is over 1,000 square feet. Extensively renovated in 2008-2009 at a cost of over $16,000 per unit, the Markana enjoys a “like new” exterior with new siding, new windows and doors, partially new decks, newer staircases and newer roofing.
We work together as a team to sell each property and are further supported by marketing, finance and escrow specialists. Hiring smart, industrious people and giving them abundant responsibility allows clients to be better served with immediate adaptation to changing conditions.