MLS# 24605856 – 18310 Sw Shaw St, Beaverton, OR 97078 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of RE/MAX Equity Group.

Property Description

Description

18 Units

Status: Active

Year Built: 1968

Days on Website: 74

18-unit Beaverton apartment building with value-add potential. Property has always had low vacancy and very long-term tenants. Rents were historically low with increases over the last few years and continued room for improvement. Very walkable to transportation, shopping, restaurants, food carts, and services in evolving Aloha, sandwiched between hot Beaverton and Hillsboro markets. Most units have patios/balconies, wall AC units, wood-burning fireplace, dishwashers, and refrigerators. Well-cared for property with onsite laundry facility. Nestled in a high-demand location, this asset offers substantial upside through strategic lease-ups, comprehensive unit turnovers, and targeted expense efficiencies.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

None

Building

Building Area Total:

15363

Built in 1968

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Community

Community Features:

Laundry

Cooling

Cooling Equipped

Cooling:

WallUnit

Expenses

Operating Expense Scheduled:

121675

Operating Expense:

$112,565

Exterior Features

Exterior Description:

Panel

Foundation

Foundation Details:

Slab

Heating

Heating Available

Heating:

Baseboard,WallHeater

Income

CAP Rate:

5.91

Gross Income:

$289,718

Gross Rent Multiplier:

10.35

Gross Scheduled Income:

$318,078

Net Operating Income:

$177,152

Net Scheduled Income:

196402

Listing

Contract Status Change Date:

2024-06-25

Days On Market:

Last Transaction Date:

2024-08-26 14:50:47

List Price:

$3,000,000

Listing Contract Date:

2024-06-25

Listing Id:

24605856

Mls Status:

Active

Modification Timestamp:

2024-08-26 14:50:47

On Market Date:

2024-06-25

Rent Includes:

MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_150

County Or Parish:

Washington

Lot

Features:

Level,OnBusline

Size Acres:

0.68

Size Dimensions:

29,621 SF

Size Range:

SqFt20000toAcres1

Size Square Feet:

29,620

Size:

20,000 SqFt to .99 Acres

Miscellaneous

Investor Information:

ProfitLossStatement

Parking

Features:

Assigned

32 total parking spots

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

Multi

Roof

Roof:

Flat

Schools

High School:

Aloha

Middle Or Junior School:

Mountain View

Elementary School:

Aloha-Huber Prk

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$21,112

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,387

Area:

867

Features:

AirConditioning,Deck,Dishwasher,Fireplace

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,315

Area:

894

Features:

AirConditioning,Deck,Dishwasher,Fireplace

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,200

Area:

600

Features:

AirConditioning,Deck,Dishwasher,Fireplace

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$3,000,000 -

18310 Sw Shaw St Beaverton , OR 97078

MLS Area Major: _150

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on September 7, 2024 1:51PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.