Colima Apartments 3 Properties Offered at $9,500,000 in Molalla, OR
EXECUTIVE SUMMARY
Welcome to the Colima Apartments, an exceptional property portfolio opportunity located in the heart of Molalla, Oregon. This investment is comprised of 2 components. The existing new construction apartments (2023), which generate excellent cash flow as majority of units are at market rent. The second component of value to this investment are the 2 development ready parcels. There is a phase II of 12 additional MF units that could be built, as well as 17,000 SF of mini-storage using a 38% FAR on the industrial parcel.
Situated in Molalla, a growing and vibrant community with easy access to local amenities, schools, and recreational opportunities, well-maintained units offering comfortable layouts, updated interiors, and strong occupancy rates. An attractive opportunity for investors looking for a stable income property with room to expand and capitalize on the area's growth.
Situated in Molalla, a growing and vibrant community with easy access to local amenities, schools, and recreational opportunities, well-maintained units offering comfortable layouts, updated interiors, and strong occupancy rates. An attractive opportunity for investors looking for a stable income property with room to expand and capitalize on the area's growth.
PROPERTY FACTS
| Price | $9,500,000 |
| Price / SF | $263.89 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Escrow |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 36,000 SF |
| Total Land Area | 3.42 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 12763 S Cromptons Ln, Molalla, OR 97038 | Land | 0.63 AC | - | - |
| 12770 S Cromptons Ln, Molalla, OR 97038 | Land | 1.04 AC | - | - |
|
Colima Apartments
13001 S Crompton's Ln, Molalla, OR 97038 |
Multifamily | 36,000 SF | 2023 | - |
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