Investment Overview

Cozine Creek Apartments is an ideal value add-investment in the highly sought after city of McMinnville, 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 Cozine Creek is a 42-unit garden-style apartment complex located at 1800 SW Old Sheridan Road. The property is set back on 3.69 acres on a single tax lot, in a quiet setting surrounded by old-growth trees and backing onto picturesque Cozine Creek. The tucked-away location offers tenants privacy yet convenient access to big-box shopping and popular restaurants within a five-minute drive. Built in 2002, this three-story community comprises four total buildings with a total of 36 two-bedroom, two-bathroom floor plans averaging 927 square feet and six (6) three-bedroom, two-bathroom floor plans averaging 1,074 square feet. The superior building design features the second story at street level. Third floor tenants walk up one flight of stairs and ground level tenants have direct access to ample greenspace – ideal for families and tenants with pets. The units at Cozine Creek are currently in ‘classic’ condition. The floor plans are functional and desirable with a favorable amenities package including in-unit laundry hookups, dishwashers, private patios or decks 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.