Property Description

Willamette Pointe Apartments presents a rare opportunity to acquire a fully stabilized, 24-unit apartment community in the heart of Oregon's I-5 Corridor. Comprised of six two-story buildings on 1.27 acres, the property was built in 1970 and extensively renovated in 2018 - including updated interiors, roofing, and exterior improvements - offering the operational profile of a modern asset at a compelling basis well below replacement cost. All 24 units are identically configured as two-bedroom, one-and-a-half-bath floor plans of 931 SF, providing management simplicity and broad tenant appeal. Located in Woodburn, Oregon - midway between Portland (30 miles) and Salem (20 miles) - the property benefits from a dual-metro employment base and an established renter population. In-place rents average $1,737 per unit.