Attractive Assumable Financing
Village Park Apartments boasts assumable financing with a desirable
3.79% interest rate and 4 years of term remaining.
Included: 0.52-Acre Adjacent Residential Building Lot
Value-add potential by either building 10 apartment units with
rental office or garages with added storage units (verify with building
department).
Historically High Occupancy
Village Park Apartments is fully occupied with strong rent collections,
and a significant upside by increasing current rents to the market rate.
Highly Desirable Unit Mix
Village Park Apartments comprises a diverse mix of one-, two-, and three-
bedroom floorplans ranging in size from 546 to 746 square feet.
Nearby Access to Willamalane Recreational Parks
Village Park Apartments is less than a 5-minute drive from Willamalane’s
extensive park and recreation network, including the Bob Keefer
Center and Thurston Hills Natural Area, enhancing its appeal to outdoor
enthusiasts and families alike.
Proximity to Employment Centers and Schools
The property is within a 10-mile drive to PeaceHealth Sacred Heart
Medical Center, RiverBend Hospital, and a variety of highly rated schools
in the Springfield School District, all of which generate consistent
housing demand.
High Barrier to Homeownership in Lane County
With rising home prices and limited new housing supply in the county,
renters are staying longer in apartments boosting the area’s sustained
occupancy and upward rental trend.