Churchill Village Apartments | W 18th & Bailey Hill Rd.
Multifamily | 127 Units | $192,913/unit
Marketing description
Exceptional opportunity just coming available on the open market! Churchill Village Apartments is an 127-unit multi-family complex located in Eugene, Oregon, home of the University of Oregon. The garden style project is a mix of nine studio units, seventy 2-bed/1- bath units, and forty-eight 3-bed/1.5 bath units in forty-eight buildings. Additionally, the community features an ≈2,720 sf clubhouse/rec room building, playground, and basketball court for residents’ use.
The property is on the corner of Bailey Hill Road & West 18th Avenue, with frontage on both arterials, and directly across the street from Churchill High School, one of the five major public high schools servicing Eugene. The northerly boarder of the property is Village Avenue, a private road servicing the project and part of the 13.5 acre site.
All units have recently been upgraded with a ductless heating and cooling units. Most units have in-unit laundry hook-ups, as well as access to a six machine laundry facility off the community room. Most units feature vinyl plank flooring, stainless steel fridges, and private patio or yard space - in addition to access to the lush open common space on the site. The property has 242 parking spaces; half covered and half uncovered spaces. Each unit has a designated covered space, as well as, access to the open field parking of nearly two spaces per unit.
Investment highlights
Property owner's crown jewel out of the 1,700-property portfolio being offered for sale. Additional value add potential bringing rent rates up to market value.
Assumable loans at a favorable blended rate.
Prime established location.
Located in the desirable Eugene Oregon location, home of University of Oregon and the Oregon Ducks. Seller motivated to get the property sold.
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