Summary

The East Mill Plain Apartments represent a unique opportunity to acquire a turn-key and stabilized asset in the well performing Vancouver submarket. The property is well situated across from Memory/Mill Plain Park and nearby to many commercial amenities. The property appeals to a broad base of tenants and is a short walk to Clark College, the largest college in SW Washington, serving approximately 10,000 students. The property underwent a complete renovation in 2022 on both the interior & exterior, and features large 2-bedroom floor plans with new cabinets, flooring, paint, granite countertops, appliances and new laundry equipment in each unit. The property was leased up at strong rental rates in the Spring of 2022, allowing the opportunity for an investor to step in and reap the benefits of strong cash flow day one.