SHOVEL READY! Development Opportunity. Permits have been approved and ready for purchase! 1.06 Acre lot has already been cleared and $250k+ worth of work done to site (i.e)underground utility piping is on site ready to be installed. Oak Village is a garden style apartment complex that is made up of five (5) different buildings each of which are three (3) stories.
The complex features a mix of 1 bed and 2 beds throughout 57 units with 72 parking spots to accommodate tenants and their guests. Oak Village consists of 57 residential apartment units with modern amenities and mid-
century charm. Walking distance to transit, major hospitals and shopping, Oak Village combines quiet residential living, within
proximity to all the excitement that Hillsboro’s downtown area has to offer. Situated behind a major commercial corridor Oak
Village has large parking lot with over 72 parking spaces to accommodate tenants and their guests. The secured entrances
provides our community with a sense of privacy from neighbors and the near by retail. Each unit features quartz countertops,
new fixtures and lvt flooring throughout The community consists of spacious, laundry in each unit, storage cabinets, and plenty
of greenspace for outdoor activities. Average projected rents are presently 5% below market for new construction apartments in the Hillsboro area, providing upside through lease renewals and unit turns.
Located in City Center of Hillsboro, OR, Oak Village is situated near the Arbor Rose neighborhood and no less than 2 blocks
from Hillsboro's MAX Blue Line. Downtown Hillsboro is just a 2-minute drive west, the Portland International Airport is 40-
minutes to the northeast, and downtown Portland is a 20-minute drive to the east. Surrounded by a variety of local restaurants,
banks and Hillsboro's largest hospital.
