The condo complex that you refer to, "Lofts at the Round" has had many issues and those issues, combined with the overall fall in real estate values, have left the current owners in a difficult financial position. There have been only two units that have sold in the last year and both of those were bank listings that were sold for cash as most lenders will not lend money for a condo in a complex that is involved in litigation.
The other problem with this complex is the cost of ownership. The HOA fees run about $600 per month and there are "other fees" listed as high as $233 per month, not ot mention the property taxes which can run from about $3200 per year to $5000 per year depending on the unit. Some of those monthly costs are most likely associated with the repairs to the siding and windows that the complex is undergoing.
With all those monthly costs it would make it difficult, if not impossible, to cover your expenses with a renter.
If you are interested in purchasing a condo in the Beaverton or surrounding area, make sure you do your research and work with a knowledgeable agent who can guide you through the process.
Broker, Licensed in Oregon
Keller Williams Realty Professionals
There is also a 24 Hour fitness next door as well as Cedar Hills Crossing a few blocks away.
From my understanding a lot of the remodel work has been completed, it has very high HOA dues though. So I'd say it's decent for someone to buy it cash if they had the funds and could afford to just maintain the HOA, taxes, and utilities.
Not a great rental idea.
In the last 9 months there have been:
16 cancelled without selling
56 expired listings
2 sold for 99K and 120K
I dont know what shape the HOA is, if any, but I wouldnt take one of these things for FREE. Condos are a very very tough game. With a few exceptions---dont buy condos at all.