Investment Overview

Fir Villa Apartments is a promising, value-add investment opportunity located in the highly desirable community of Keizer, Oregon. This well-maintained apartment complex is strategically positioned for significant rent growth, making it an attractive prospect for investors looking to capitalize on the robust rental market in the region. THE PROPERTY Fir Villa is a 59-unit garden-style apartment complex located at 812-898 Lockhaven Drive NE. The property is set back on 3.11 manicured acres, split between two separate but adjoining parcels. The property is in a well-located, yet serene setting surrounded by old-growth trees. The property offers easy access to Keizer Station, good schools, employment and entertainment options with quick access I-5. Built in 2000, this two & three-story community comprises of ten buildings with a total of fifty-eight (58) two-bedroom, two-bathroom floorplans averaging 903 square feet and one (1) three-bedroom, two-bathroom house totaling 1,800 square feet. All but five (5) of the units at Fir Villa are currently in ‘classic’ condition. The floorplans are functional and desirable with a favorable amenities package including in-unit laundry hookups, private patios or balconies, dishwashers and ample storage. Units currently offer white appliance suites with refinished countertops and original cabinets. Management has an established flat rate utility bill system to mitigate utility expenses.