West 18th Ave & Bailey Hill Road - Apartments FOR SALE


Eugene, OR 97402- Churchill
$24,500,000 USD
541-521-5203
West 18th Ave & Bailey Hill Road, Eugene, OR for Sale
$24,500,000 USD
Apartments - FOR SALE
1/57
null | 6.02% Cap Rate

West 18th Ave & Bailey Hill Road
Eugene, OR 97402
Churchill


OVERVIEW

127-Unit Garden-Style Apartment Project • Mix of 2-Bedroom, 3-Bedroom & Studio Apartments • 70 2-BD/1-BA Units, 48 3-BD/1-BA Units, and 9 Studios • 13.5 Acres • $24,500,000 Churchill Village Apartments is an 127-unit apartment project in Eugene, 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/recreation room building, playground, and basketball court for residents’ use. 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, equivalent to nearly two spaces per unit. The property is located in southwest Eugene 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 border of the property is Village Avenue, a private road servicing the project, and part of the 13.5 acre site. The complex is is well serviced by major bus lines, minutes from access to the highway systems of Eugene and 11 minutes from Downtown and the University of Oregon campus by car.

FOR SALE DETAILS

PRICE

$24,500,000 USD

PRICE/SF

$196 USD /SF

# OF UNITS

127

PRICE/UNIT

$192,913

CAP RATE

6.02%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Churchill Village Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

377

LAND DETAILS

LAND ACRES

13.5 AC

LAND SF

588,060 SF

ZONING

R-1

APN/PARCEL ID

17-04-34-40-00500

ASK ABOUT THIS PROPERTY

David HollandEvans, Elder, Brown, & Seubert Inc.More Info
541-521-5203

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David HollandEvans, Elder, Brown, & Seubert Inc.More Info
541-521-5203

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.