18300 Shaw StBeaverton, OR 97007

Property Details for 18300 Shaw St

Property size (Sq ft)

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.

Location Insight

City

Beaverton

County

Washington

State

Oregon

Latitude

45.4933

Longitude

-122.865

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].