Multifamily
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Buildings: 3
Units: 20
Year Built: 1974
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NOI: $216,930
List Price: $3,720,000
Price/Unit: $186,000
5.83% Cap Rate
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FOR SALE
Accepting Offers
Lead Advisor:
Villa Verdante
100 GATCH ST • WOODBURN, OR
The Villa Verdante Apartments in Woodburn, Oregon, presents a strong investment opportunity due to its strategic location near the I-5 Corridor, a prime area poised for significant flex/industrial expansion and the growth of distribution hubs. This property offers a diverse unit mix with 20 units, including 1x1, 2x1, and 3x1 configurations, along with amenities like a communal BBQ and picnic area, onsite management office, and laundry facilities.
With a current cap rate of 6.0% and a highest achieved cap rate of 6.59%, the property provides solid returns. The average current rent is $1,379 per month, with the highest achieved rent reaching $1,489 per month, indicating strong rent growth potential. Additionally, there’s an 8% premium on lease trade-outs, further enhancing the investment’s appeal. With its prime location and consistent rental income, Villa Verdante is a promising asset for long-term growth.
