Location: Molalla, Oregon

The Colima Apartment Complex is a newly delivered 36-unit, Class A multifamily development located in the high-growth, underserved submarket of Molalla, Oregon. This 3-story walk-up was developed from the ground up to address the rising demand for quality rental housing in secondary markets with minimal new supply. The project features a modern unit mix of one-, two-, and three-bedroom floorplans with high-end finishes, energy-efficient systems, and full in-unit amenities.

Positioned near schools, grocery stores, and commuter routes, Colima offers strong market rent potential and long-term operational stability. The property was financed through a combination of internal equity and bank debt, with a long-term hold strategy focused on stabilized cash flow, minimal capex, and professional third-party management.

Property Details

• Type of Property: 3-Story Multifamily Walk-Up

• Status: Completed

• Year Built: 2023

• Total Units: 36

• Unit Mix: 1BD/1BA (693 sq ft), 2BD/2BA (933 sq ft), 3BD/2BA (1,110 sq ft)

• Target Tenants: Families, young professionals, and long-term residents seeking value and quality

Investment Overview

• Investment Date: February 15, 2024

• Exit Date: Still Held

• Initial Investment Amount: TBD

• Projected Profit: TBD

• Projected ROI: TBD

• Hold Strategy: Long-term stabilized hold with potential refinance

Capital Structure

• Equity: Internal capital from sponsor group

• Debt: Construction-to-perm bank financing

• Leverage Strategy: Balanced debt structure to optimize cash-on-cash returns while maintaining operational control

Development Strategy

• Ground-Up Construction: Modern systems and finishes with low-maintenance building design

• Energy Efficiency: HVAC, appliances, and building envelope built to energy-conscious standards

• Tenant-Focused Amenities: In-unit washer/dryer, vaulted ceilings in select units, stainless steel appliances, private balconies/patios

• Curb Appeal: Professionally landscaped site with off-street parking and onsite management presence

• Operational Plan: Third-party property management in place, focused on tenant retention and NOI growth

Investment Thesis

Colima represents a rare opportunity to own newly constructed, Class A product in a high-demand but underbuilt market. The property's high-quality finishes, efficient unit mix, and low operating costs position it for long-term success. With current rents ranging from $1,325–$2,150/month and a lack of comparable competition, Colima is well positioned to deliver stable income and equity growth for years to come.