Ikoi So Terrace

Overview

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Ikoi So Terrace offers gracious and affordable living for seniors in the heart of Milwaukie, Oregon. This senior apartment community is designed to provide a comfortable and secure environment for residents aged 62 and older or those who are disabled. The facility features one-bedroom floor plans, ensuring privacy and ample space for each resident. The apartments are well-equipped with modern amenities, making daily living convenient and enjoyable.

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The community at Ikoi So Terrace is managed by Commercial & Residential Management Group, which ensures that the property is well-maintained and that residents have access to necessary resources and services. The management team is committed to creating a welcoming atmosphere where residents can feel at home. Additionally, Ikoi So Terrace is situated in Clackamas County, offering easy access to local attractions, shopping centers, and healthcare facilities.

Residents and their visitors can enjoy a variety of amenities designed to enhance their quality of life. From spacious storage options to a friendly community environment, Ikoi So Terrace focuses on meeting the needs of its senior residents while providing a peaceful and supportive living space.

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Amenities and Features

One-bedroom floor plans
Equipped kitchens
Large storage closets
Managed by Commercial & Residential Management Group
HUD rental housing assistance
Community environment

Sources

Ikoi So Terrace Location

Address: 1550 Se Oak Grove Blvd, Milwaukie, OR 97267

Phone: 503-659-7019

Website: https://nwhousing.org/property/ikoi-so-terrace/

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About Milwaukie, Oregon

Milwaukie, a city located in the state of Oregon (OR), is home to a population of approximately 21,195 people. Milwaukie boasts a median age of 40.2, with around 23.7% of its residents aged 60 or above. 7.1% of the population identifies as US Veterans. 13.7% of Milwaukie residents are disabled. The city has an average household income of $78,676, while the unemployment rate stands at 5.5%, and around 6.8% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Milwaukie is $442,384, with a monthly rent averaging $1,441.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.