Lynn Lee Manor Apartments
18 Unit Apartment Building | $3,000,000 ($166,667/Unit) | 5.91% Cap Rate | Beaverton, OR 97007
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,000,000
- Property Type
-
Multifamily
- Square Feet
- 18,900 SF
Listing Contacts
Alex Cordier
Verified Profile
- Property Info
Property Overview
Situated in a highly desirable neighborhood, this property is
just minutes away from major employment centers, shopping,
dining, and public transportation. The area’s strong demand for
rental housing ensures a consistent tenant base and robust
occupancy rates. SW Shaw Street is easily accessible from
major thoroughfares such as Tualatin Valley Highway and 185th
Avenue, facilitating convenient travel, and trimet access to and
from the area. Lynn Lee Manor is just a few miles from downtown
Beaverton, providing easy access to the city’s core amenities,
including shopping, dining, and entertainment options.
The property is currently generating income, providing a solid
foundation for future growth. Nestled in a prime location,
this asset offers substantial upside through strategic lease?ups, comprehensive unit turnovers, and targeted expense
efficiencies.
just minutes away from major employment centers, shopping,
dining, and public transportation. The area’s strong demand for
rental housing ensures a consistent tenant base and robust
occupancy rates. SW Shaw Street is easily accessible from
major thoroughfares such as Tualatin Valley Highway and 185th
Avenue, facilitating convenient travel, and trimet access to and
from the area. Lynn Lee Manor is just a few miles from downtown
Beaverton, providing easy access to the city’s core amenities,
including shopping, dining, and entertainment options.
The property is currently generating income, providing a solid
foundation for future growth. Nestled in a prime location,
this asset offers substantial upside through strategic lease?ups, comprehensive unit turnovers, and targeted expense
efficiencies.
Property Details
- Class
- C
- Year Built
- 1968
- Stories
- 2
- Lot Size (sq. ft)
- 29,621 SF
- Units
- 18
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