The first property, called Capital St. NE Apartments, encompasses five total units, as well as amenities like onsite laundry. The location also features recent improvements, such as a new roof and new windows. The location was acquired for $285,000 with financing provided by Precision Capital.
Lee St. SE Apartments is another acquisition, and includes four units with one bedroom and bathroom in addition to three units with two bedrooms and a single bathroom. Like the Capital St. apartment complex, this location features onsite laundry. However, it is distinct in that it offers car ports as well as fenced yards. The acquisition, also facilitated by Precision Capital, amounted to $435,000.
A third acquisition in the city, 25th Place Apartments, has six total units, four of which have studio layouts. One unit has three bedrooms and one bathroom, and the remaining unit has two bedrooms and one bathroom. Like the other two locations, it features onsite laundry. Moreover, it sits in close proximity to Mill Creek. Financing was secured from Willamette Valley Bank for the purchase price of just under half a million dollars.