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West End 10285-10305 SW Denney Rd 21 Unit Apartment Building $3,950,000 ($188,095/Unit) 5.87% Cap Rate Beaverton, OR 97008
INVESTMENT HIGHLIGHTS
- PRICE REDUCED!
- Desirable unit mix of studio, one, two, and three bed units.
- Strong rental submarket with low vacancy and solid rent growth history.
- Value-add opportunity for new owner to upgrade units and increase rents while controlling expenses.
- Plumbing supply lines are copper.
EXECUTIVE SUMMARY
PRICE REDUCED!
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.
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.
PROPERTY FACTS
| Price | $3,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $188,095 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.10 AC |
| Cap Rate | 5.87% | Building Size | 22,254 SF |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1977 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Zoning | R2 | ||
| Price | $3,950,000 |
| Price Per Unit | $188,095 |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 22,254 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | R2 |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Patio
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,250 | 379 |
| 1+1 | 4 | $1,350 | 640 |
| 2+1 | 12 | $1,495 | 860 |
| 3+1 | 4 | $1,775 | 1,140 |
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | R0206351 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,266,250 |
PROPERTY TAXES
Parcel Number
R0206351
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,266,250
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West End | 10285-10305 SW Denney Rd
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