Welcome to the Colima Apartments, an exceptional property portfolio opportunity located in the heart of Molalla, Oregon. This investment is comprised of 2 components. The existing new construction apartments (2023), which generate excellent cash flow as majority of units are at market rent. The second component of value to this investment are the 2 development ready parcels. There is a phase II of 12 additional MF units that could be built, as well as 17,000 SF of mini-storage using a 38% FAR on the industrial parcel. Situated in Molalla, a growing and vibrant community with easy access to local amenities, schools, and recreational opportunities, well-maintained units offering comfortable layouts, updated interiors, and strong occupancy rates. An attractive opportunity for investors looking for a stable income property with room to expand and capitalize on the area's growth.