18300 Shaw St Beaverton, OR 97007
- Apartment buildings
- 18,900 SF
Current Use by Public Records
- Apartment buildings
Property Details for 18300 Shaw St
- Property size
- 18,900 SF
- Property type
- Apartment buildings
Description
This exceptional 18-unit apartment building, known as Lynn Lee Manor, presents a compelling value-add investment opportunity in the desirable Beaverton, Oregon market. Located at 18300 SW Shaw St, 97007, this two-building, two-story complex boasts a total of 18,900 square feet situated on a 29,621 square foot lot. Currently generating a Net Operating Income (NOI) of $177,152, with a projected NOI of $196,400, the property offers a 5.91% cap rate and a pro-forma cap rate of 6.55%. The asking price is $3,000,000, translating to $166,667 per unit and $158.73 per square foot. The property's Class C designation reflects its potential for significant appreciation through strategic improvements. Its prime location offers easy access to major employment centers, shopping, dining, and public transportation, ensuring strong tenant demand and high occupancy rates. Convenient access to major thoroughfares like Tualatin Valley Highway and 185th Avenue, along with TriMet access, further enhances its appeal. The proximity to downtown Beaverton provides residents with easy access to a wide array of amenities. This property's current income stream, combined with its substantial upside potential through lease ups, unit renovations, and expense management, makes it an attractive investment prospect.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Beaverton
- County
- Washington
- State
- Oregon
- Longitude
- -122.865
- Latitude
- 45.4933
