Investment Overview

The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of Perch Apartments in Coquille, Oregon. This property is comprised of 19 units, eighteen one-bedrooms all boasting uniquely attractive floor plans, and one two-bedroom unit. The complex also has a metal shop currently on a month to month contract. The property has received significant upgrades including extensive deck improvements, new main sewer line and numerous updated units including new LVP flooring, cabinets, counters, appliances and lighting. Upside can be achieved by bringing rents to market and utilizing two vacant structures on the structure to either more commercial or flex space or building new structures on this large 1.5 acre lot. Rents are approximately 10% below highest achieved rents, allowing for solid proven rent growth. A savvy investor could achieve an additional lift in rents by converting under-utilized storage throughout the property to something tenants could rent. The Perch Apartments are directly off Roseburg Highway, making quick access to surrounding Coos Bay and Roseburg, while still being located in the county seat.