Investment Overview

The Pioneer Apartments is a 15-unit, two-story, garden style property located at 416 NE 10th St, Prineville, OR 97754. The property was originally constructed in 1982 and features fourteen (14) one-bedroom/one-bathroom units and one (1) studio unit. Amenities include off-street parking and shared laundry room. The property is privately managed by an on-site manager. Recent capital expenditures include all new exterior paint, new siding on the South-facing side of the complex, and new decks. 50% of the interiors have been updated with new LVP flooring, cabinets, counters, appliances, bath tubs, sinks, and fixtures. Located near Downtown Prineville, residents are within walking distance from many of the amenities that Prineville offers. Prineville is home to state parks, golf courses, and local restaurants and bars. Residents ?ock to Prineville for the scenic views at Ochoco Wayside State Park; this sweeping green space overlooks the city and the distant mountains. Meadow Lakes Golf Course is a popular hangout for locals. The properties are well positioned to capture the population and rental demand growth spurred by Prineville’s hyperscale data centers, solar farms, and close proximity to Bend.