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Multifamily

Oakvilla Apartments

150 H St, Independence, OR 97351

Listing Price: $2,900,000

Cap Rate
6.27%
Number of Units
25
GRM
9.51
Price/Unit
$116,000
Price/Gross SF
$73.97
Gross SF
39,204

Investment Overview

Oak Villa is a prime 26-unit apartment complex located on 1.45 acres just blocks from the vibrant downtown Independence, making it an attractive investment opportunity in a highly sought-after market. Owned and professionally managed by a dedicated ownership group for over 20 years, this property boasts a solid track record of stability and tenant satisfaction.

The complex features spacious garden-style one-bedroom, one-bath units, characterized by large windows that create bright, inviting living spaces. The low-density layout enhances the property’s appeal, providing a condo-like atmosphere that residents appreciate. Mature greenery and thoughtfully designed landscaping ensure privacy and tranquility, contributing to a high quality of life for tenants. Nestled away from main thoroughfares and accessed via a private shared road, Oak Villa benefits from low traffic and noise, offering a peaceful retreat while remaining close to local amenities, shopping, and dining options. The property has historically maintained low vacancy rates, reflecting strong demand for quality rental housing in the area. This trend positions Oak Villa to continue commanding competitive rental rates, ensuring solid cash flow for investors.

With 1.45 acres of land, this property presents an exceptional opportunity for a nimble investor to explore potential development options or expansions that could further enhance its value. The combination of proven management history, desirable location, and additional land offers significant upside for those looking to capitalize on a growing market. Oak Villa represents an outstanding opportunity for investors seeking a stable, income-producing asset with the potential for long term appreciation. Don’t miss out on the chance to acquire a property that combines immediate returns with growth potential in a thriving community.

Investment Highlights

  • Generational Investment, First Time on the Market in Over 20 Years
  • Priced Far Below Replacement Cost
  • Great Cash-Flow Day One, with Additional Value-Add Opportunity for Investors
  • Average 5-Mile Household Income of $75,899, Providing Tenant Base with Appetite for High Quality Finishes
  • Local Area Population Increase of Nearly 12% Since 2010, Driven by Commuters from Salem, State Capital

Exclusively Listed By

Financing By

Multifamily

Oakvilla Apartments

Listing Price: $2,900,000

Cap Rate
6.27%
Number of Units
25
GRM
9.51
Price/Unit
$116,000
Price/Gross SF
$73.97
Gross SF
39,204

Investment Highlights

  • Generational Investment, First Time on the Market in Over 20 Years
  • Priced Far Below Replacement Cost
  • Great Cash-Flow Day One, with Additional Value-Add Opportunity for Investors
  • Average 5-Mile Household Income of $75,899, Providing Tenant Base with Appetite for High Quality Finishes
  • Local Area Population Increase of Nearly 12% Since 2010, Driven by Commuters from Salem, State Capital

Investment Overview

Oak Villa is a prime 26-unit apartment complex located on 1.45 acres just blocks from the vibrant downtown Independence, making it an attractive investment opportunity in a highly sought-after market. Owned and professionally managed by a dedicated ownership group for over 20 years, this property boasts a solid track record of stability and tenant satisfaction. The complex features spacious garden-style one-bedroom, one-bath units, characterized by large windows that create bright, inviting living spaces. The low-density layout enhances the property’s appeal, providing a condo-like atmosphere that residents appreciate. Mature greenery and thoughtfully designed landscaping ensure privacy and tranquility, contributing to a high quality of life for tenants. Nestled away from main thoroughfares and accessed via a private shared road, Oak Villa benefits from low traffic and noise, offering a peaceful retreat while remaining close to local amenities, shopping, and dining options. The property has historically maintained low vacancy rates, reflecting strong demand for quality rental housing in the area. This trend positions Oak Villa to continue commanding competitive rental rates, ensuring solid cash flow for investors. With 1.45 acres of land, this property presents an exceptional opportunity for a nimble investor to explore potential development options or expansions that could further enhance its value. The combination of proven management history, desirable location, and additional land offers significant upside for those looking to capitalize on a growing market. Oak Villa represents an outstanding opportunity for investors seeking a stable, income-producing asset with the potential for long term appreciation. Don’t miss out on the chance to acquire a property that combines immediate returns with growth potential in a thriving community.

Exclusively Listed By

Financing By

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