2740 SW Western Blvd - Apartments FOR SALE


Corvallis, OR 97333
$14,250,000 USD
541-760-0936
2740 SW Western Blvd, Corvallis, OR for Sale
$14,250,000 USD
Apartments - FOR SALE
1/15
null | 5.34% Cap Rate

2740 SW Western Blvd
Corvallis, OR 97333


OVERVIEW

Introducing Shadow Hills Apartments, a thriving 72-unit community strategically located adjacent to Oregon State University in the heart of Corvallis, Oregon. Built in 2003, this asset stands as one of only five newer construction projects in Corvallis tailored to cater specifically to the student housing demand. This prime location within a supply constrained market has witnessed remarkable rent increases over the past three years, highlighting the immense potential for growth and profitability. Shadow Hills Apartments offers an exciting opportunity as the property’s rents have dipped well below the burgeoning market rates. Leveraging the scarcity of new construction ventures in Corvallis and the prominence of Oregon State University, the largest educational institution in the state, Shadow Hills Apartments is poised for sustained high demand in the foreseeable future.

FOR SALE DETAILS

PRICE

$14,250,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

72

PRICE/UNIT

$197,917

CAP RATE

5.34%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shadow Hills Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2003

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

RS-20

APN/PARCEL ID

141113

ASK ABOUT THIS PROPERTY

Adam SmithHFO Investment Real EstateMore Info
541-760-0936

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Adam SmithHFO Investment Real EstateMore Info
541-760-0936

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