See the attached Summary Flyer and contact Brokers for more information.
Located in one of the Portland-metro area’s most desirable submarkets, and a newly designated opportunity zone, the Woodleaf Apartments benefit from an excellent Wilsonville location with close proximity to both Portland and Salem.
Built in 1977, the property consists of 24 units across three buildings. Situated on nearly two acres of land in a park like setting, Woodleaf has an abundance of off-street parking, and a private and park-like setting. The location provides tenants with excellent access to shopping, entertainment and transportation options. The unit mix is comprised of a single 1 bedroom/1 bathroom unit, and 23 spacious 2 bedroom/1 bathroom units. Abundant off-street parking and on-site laundry facility.
RARE VALUE-ADD OPPORTUNITY The Woodleaf Apartments offer an investor the rare opportunity to add value by increasing rents without the need for significant improvements to the property. Currently rents at the property average $787, or $0.99/SF. Comparable properties average $1,258, or $1.34/SF. With renovation, rents could be raised even further with the market supporting rents of $1,325, or $1.41/SF
The Woodleaf Apartments are located in the heart of one of Portland’s premiere suburbs, Wilsonville, which is strategically located between two of Oregon’s largest metro areas. The property is a 20-minute drive north by I-5 to Portland, or a 30-minute drive south down I-5 to Salem, Oregon’s state capital. Additionally, Woodleaf is situated between two of Oregon’s largest shopping centers – Washington Square and the Woodburn Factory Outlet Mall. Within a 5-minute drive of the property are several additional shopping centers offering an abundance of retail, entertainment, and dining options.
