Marion 12
Value-Add Investment Opportunity in North Bend, OR
Marketing description
Property Website: https://www.marcusmillichap.com/properties/196391/marion-12
Marcus & Millichap is excited to exclusively represent the sale of Marion Street Apartments, two adjoining apartment buildings located
in North Bend, Oregon. This well-kept complex includes a total of 12 units, along with a laundry facility and additional storage units,
making it an appealing investment prospect.
The Marion Street Apartments consist of 9 two-bedroom units, 2 one-bedroom units, and 1 studio, all featuring open layouts that
enhance the living experience. All of the units are designed in a garden-style layout, with over half featuring back patios and spacious
fenced front yards, perfect for tenants looking for outdoor space and a house-like environment.
There is an opportunity to increase rental income by aligning rents with the highest proven and continuing upgrades with premium finishes
such as stainless steel appliances, quartz countertops and modern hardware packages. The complex has undergone numerous
upgrades, including modernized electrical and plumbing systems, several new electric panels, and updated water heaters and many
interiors tuned to a quality workforce housing option.
Investment highlights
Upside in Already Proven Rents
Diverse Mix of Studios, One- and Two-Bedroom Units
Tucked Away in Quiet Residential Neighborhood
Updated Electrical and Plumbing Throughout Complex
Professionally Managed and Maintained
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