1430 Cleveland StWoodburn, OR 97071
- Apartment buildings
Property Details for 1430 Cleveland St
- Year built
- 2024
- Property type
- Apartment buildings
Description
Exceptional investment opportunity: $11,200,000 asking price for this 42-unit, Class A apartment building in Woodburn, Oregon. Completed in 2024, this property boasts 36,120 square feet of net rentable space and currently enjoys 98% occupancy. The four, three-story buildings feature a mix of 42 two-bedroom, two-bathroom units, each approximately 860 square feet with private balconies or patios. Units include stainless steel appliances, microwaves, in-unit washer/dryers, air conditioning, wood-look flooring, and vaulted ceilings on the third floor. Modern amenities include covered car and bike parking, and electric vehicle charging stations. The property's strategic location offers easy access to downtown Woodburn (less than one mile), Amazon's new fulfillment center (under 10 minutes), and Woodburn Premium Outlets (under 10 minutes). This is a turnkey investment with strong potential for future growth and high returns. The price per unit is $266,666.67.
Location Insight
- City
- Woodburn
- County
- Marion
- State
- Oregon
- Latitude
- 45.1361
- Longitude
- -122.847
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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