Investment Real Estate - Beaverton, Oregon - Property Detail

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The Meadows

https://www.josephbernard.net/meadows

Address:: 3525 SW 122nd Avenue, Beaverton, Oregon 97005

Price:: $1,200,000

Units:: 22

Price per unit:: $54,546

Cap Rate:: 9.06%

Year Built:: 1961

Highlights

A New Owner Can Take Advantage of the Potential by Raising Rents to Market.
Only .2 Miles from the Beaverton Transit Center
Desirable Beaverton Location
Only .3 Miles from the Cedar Hills Crossing Shopping Center

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The Meadows

Summary

The Meadows Apartments are located on SE 122nd Avenue just West of the Cedar Hills Crossing shopping center, and South of Cedar Hills Park in Beaverton, Oregon.

The Beaverton Transit Center is only .3 miles away from The Meadows Apartments, giving tenants easy access to the rest of Beaverton, Hillsboro, Portland, and beyond.

The complex features six buildings on one tax lot with eleven one bedroom, one bathroom units and eleven two bedroom, one bathroom units.

Nearby businesses and employers include numerous local shops, restaurants, cafes, & bars located at the Cedar Hills Crossing shopping center, as well and grocers such as Winco & New Seasons Market.

Highlights

A New Owner Can Take Advantage of the Potential by Raising Rents to Market.
Only .2 Miles from the Beaverton Transit Center
Desirable Beaverton Location
Only .3 Miles from the Cedar Hills Crossing Shopping Center

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The Meadows

The city of Beaverton is located in Washington County, seven miles west of Portland in the Tualatin River Valley. It is home to many attractive and well-planned neighborhoods and a vast amount of "Green Space". With over 100 parks within the city limits, a park is located within a half mile of every home in Beaverton. Residents of Beaverton enjoy easy access to a complete range of community services, including the Portland-Metro's west side's largest shopping district, Beaverton Farmers Market, and dozens of churches serving all denominations.

In December of 2004, the city and Washington County announced an "interim plan" which will lead Beaverton to becoming the second largest city in Oregon, second to only Portland. More than 4,500 companies fuel the local economy in Beaverton. A few of the leading employers include Intel, Nike, Inc., Volt Services Group, Tektronix Inc., Maxim Integrated Products Inc., Adidas America Inc., and Columbia Sportswear Inc.