2740 SW Western Blvd | Corvallis, OR 97333
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- LoopNet Team
2740 SW Western Blvd
Corvallis, OR 97333
Shadow Hills Apartments · Multifamily Property For Sale
·
72 Units
INVESTMENT HIGHLIGHTS
- 72 units comprising primarily one-bedrooms as well as two-bedrooms with amenities like full size kitchens and in-unit washer/dryers
- Impressive rent increases over the past three years, aided by student turnover
- Rents are more than 27% below market rates
- The newest, university-adjacent multifamily asset in Corvallis
- Optimal location directly adjacent to Oregon State University with a minutes-long walk to campus
- Opportunity for value-add upside is achievable via operational improvement
PROPERTY FACTS
| No. Units | 72 | Building Size | 42,256 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2003 |
| Building Class | B | Parking Ratio | 0.83/1,000 SF |
| Lot Size | 1.74 AC | ||
| Zoning | RS-20 | ||
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.74 AC |
| Building Size | 42,256 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2003 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | RS-20 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Courtyard
- Picnic Area
- Playground
- Cabana
- Lounge
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 64 | - | 566 |
| 2+1 | 8 | - | 996 |
PROPERTY TAXES
| Parcel Number | 141113 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,291,115 |
PROPERTY TAXES
Parcel Number
141113
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,291,115
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