17215 SW Merlo 4-Plex
17215 SW Merlo Road, Beaverton, OR 97006
Price$845,000
Number of Units4
Building Size4,300 sqft
Price/Unit$211,250
Property TypeMultifamily
Cap Rate5.33%
Highlights
- Environmentally Friendly — Energy Efficient Vinyl Windows
- Parking Amenities — Off Street Parking Available
- Easily Accessible for Commuting — Directly on Max Light Rail Line
- Natural Amenities — Patios, Balconies & Some Fenced in Back Yards
Description
Nestled in a quiet central Beaverton location, the Merlo 4-Plex is comprised of 2 three-bedroom/one bath units and 2 two-bedroom/one bath units. Each spacious unit has a private fenced-in yard, washer & dryer hookup, and various updates including newer flooring.
Constructed in 1975, the property is situated less than a mile from Nike World Headquarters and Costco, and walking distance to the Max Light Rail line and multiple city parks, such as the Tualatin Hills Nature Park.
Just minutes from Hwy 26 & Hwy 217, this is a great opportunity for investors or owner-occupiers.
Financial Summary
- Pro Forma NOI: $45,074
- Pro Forma Cap Rate: 5.33%
Gallery