10285-10305 SW Denney Rd - Apartments FOR SALE


Beaverton, OR 97008- Denny Whitford
$4,300,000 USD
503-720-8147
10285-10305 SW Denney Rd, Beaverton, OR for Sale
$4,300,000 USD
Apartments - FOR SALE
1/59
null | 5.55% Cap Rate

10285-10305 SW Denney Rd
Beaverton, OR 97008
Denny Whitford


HIGHLIGHTS

  • Value-add opportunity for new owner to upgrade units and increase rents while controlling expenses.
  • Desirable unit mix of studio, one, two, and three bed units.
  • Turn-key opportunity as West End is 95% leased with solid historical occupancy.
  • Community amenities include BBQ area, on-site laundry and additional parking.
  • Plumbing supply lines are copper.
  • Strong rental submarket with low vacancy and solid rent growth history.

OVERVIEW

West End is a turn-key asset with rental upside located in Beaverton, one of Portland’s most desirable suburbs. The property consists of 21 units on over an acre of land in a private low-density layout. The unit mix is diverse, including one studio unit, four 1-bedroom units, twelve 2-bedroom units, and four 3-bedroom units. The studio unit was legally added in 2017 as the 21st unit. Residents enjoy the large floor plans with full kitchens and patios or decks, along with plenty of space outdoors for activities. Additional amenities include 31 off-street parking spaces, community BBQ area and a newly renovated on-site laundry facility, which generates additional income. Ground floor units feature plenty of green space to utilize, while upper units feature balconies. West End has undergone many improvements in the last ten years, including all new hardiplank siding, exterior paint, concrete pathways, new front and rear landscaping, and a new outdoor patio and community area with a built-in BBQ. Additionally, approximately ten years ago the property received a new tear-off roof and gutters, rebuilt decks, and vinyl windows. West End was constructed with copper plumbing supply lines, a major benefit for properties of this vintage. West End’s convenient location is just blocks from a freeway entrance to the Highway 217, two miles to downtown Beaverton, 2.5 miles to the award winning MAX Light Rail train, and nine miles to downtown Portland. This tremendous location provides residents with easy access to a variety of shopping, employment, parks, and entertainment. Beaverton is located just west of Portland, and southeast of Hillsboro. Major employers Nike, Columbia Sportswear, and Intel are all located within seven miles of West End.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$193 USD /SF

# OF UNITS

21

PRICE/UNIT

$204,762

CAP RATE

5.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West End

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

R2

APN/PARCEL ID

R0206351

ASK ABOUT THIS PROPERTY

Jordan CarterKidder MathewsMore Info
503-720-8147

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Jordan CarterKidder MathewsMore Info
503-720-8147

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.