Property Description

Blanton Place is a nine-unit multifamily community located in the highly desirable Beaverton submarket of Washington County. Situated at 17345 SW Blanton Street, the property offers immediate access to Highway 26, Tualatin Valley Highway, and some of Oregon's largest employment centers, including Nike World Headquarters and Intel's Aloha Campus. The surrounding neighborhood is characterized by strong household incomes, established residential communities, highly rated schools, and convenient access to shopping, dining, parks, and public transportation.Constructed in 2017, Blanton Place consists exclusively of spacious two-bedroom, one-and-one-half-bath townhome-style residences, each approximately 885 square feet. The thoughtfully designed floor plans feature quartz countertops, stainless steel appliances, tile backsplashes, hardwood flooring on the main level, in-unit washers and dryers, covered balconies, and covered bicycle storage-modern amenities that continue to attract quality residents and support long-term occupancy.Current ownership has consistently maintained and enhanced the property through ongoing capital improvements, including replacement of the majority of kitchen appliances with upgraded models, replacement of all toilets throughout the community to improve water efficiency, replaced majority of washers and dryers with full-size stack units, and has performed routine maintenance as needed. Combined with the property's newer construction, these improvements provide investors with a well-maintained, low-maintenance asset requiring minimal near-term capital expenditures.Blanton Place also offers meaningful upside through the implementation of a utility bill-back program, which is not currently in place, creating an opportunity to increase future net operating income with minimal capital investment.