Est. mensual: $13,271 Recalcular
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Multifamiliar (2-4 unidades)Número de MLS: #11401121
The 17-unit French Chateau Apartments present a rare investment opportunity in the strong Beaverton submarket of Washington County. The community features large 2br/1ba floor plans (1,000 sq. ft) with open concept living and full-size washer/dryer hook ups in each unit. The strong in-place rents (average of $1,634 as of December 2024) provide an investor with a stable base to step into day one, but also provides attainable upside to be captured through strategic unit upgrades, increasing operational efficiencies, and the eventual implementation of Utility Bill Backs (which has become a widely acceptable charge in the market). The property was originally built in 1971, but has undergone a complete exterior transformation in 2022/2023, with recent capital improvements including New roofing, New siding, New vinyl windows, and New landscaping. Various unit upgrades have taken place in recent years, resulting in strong lease up rents, but most of the apartments have only been lightly renovated and provide a new owner with tremendous upside to be captured upon renovations. The Beaverton market has experienced steady economic growth, with a strong presence of technology, retail amenities, and professional services - drawing from a broad and highly qualified tenant base. Known for having very strong schools, recreational facilities, and easy access to nature amenities, Beaverton/Washington County provides a unique quality of life option for residents. Washington County is home to many of the state's largest & most established employers (Nike, Intel, Columbia Sportswear, Tektronix, etc.), which as a result has bolstered home prices & rental demand in recent years. The French Chateau Apartments is well located within the path of progress and provides easy access to major transportation routes via various freeways (217, I-5, 26) and has ease of access to public transportation. The strong fundamentals of the Beaverton market, along with the unique attributes of the French Chateau provide a rare opportunity for a buyer to step in and capitalize on finishing out a value-add model through interior renovations. A rare opportunity to invest in an upgraded asset, in a low inventory Washington county sub-market.Características de la propiedad
Antigüedad: | Más de 50 años de antigüedad |
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Amenidades: | Puerto |
Estilo arquitectónico: | Otro |
Área del lote: | 0.81 Acres |
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Escuela primaria
VOSE ELEMENTARY SCHOOL
0.5
MillasVer detalle
Escuela secundaria (ciclo básico)
WHITFORD MIDDLE SCHOOL
0.8
MillasVer detalle
Escuela secundaria (ciclo superior)
SOUTHRIDGE HIGH SCHOOL
1.0
MillasVer detalle
Otros escuelas cercanos | Distancia | Tipo | Grados/años | Califaciones |
---|---|---|---|---|
Arco Iris Spanish Immersion School | 0.2 mi | Public | KG-8 | C- |
Greenway Elementary School | 0.6 mi | Public | PK-5 | B |
Mckay Elementary School | 1.0 mi | Public | PK-5 | B |
Highland Park Middle School | 1.1 mi | Public | 6-8 | C |
Conestoga Middle School | 1.1 mi | Public | 6-8 | C- |
Hiteon Elementary School | 1.2 mi | Public | KG-5 | C |
Islamic School Of Met/oregon Islamic Academy | 1.2 mi | Private | PK-12 | |
Pilgrim Lutheran Christian School | 1.2 mi | Private | PK-8 | |
Fir Grove Elementary School | 1.3 mi | Public | PK-5 | B- |
St Cecilia School | 1.5 mi | Private | PK-8 | |
Westgate Christian School | 1.5 mi | Private | PK-12 | |
Beaverton High School | 1.7 mi | Public | 9-12 | C- |
Southwest Christian School | 1.7 mi | Private | PK-12 | |
Metzger Elementary School | 1.8 mi | Public | PK-5 | B+ |
Sexton Mountain Elementary School | 1.9 mi | Public | KG-5 | B |
Mary Woodward Elementary School | 2.0 mi | Public | KG-5 | B |
Edison High School | 2.1 mi | Private | 9-12 |