Oak Pointe and Oak Hollow offers investors an opportunity to acquire a premier Class-A, family community with sizable upside. In-place rents were just raised by $25 in March 2021 to an average of $509, which includes sewer. Comparable communities average $779 per month net of utilities. The asset was constructed in 1996 and 1997, serviced by public utilities, is 100% occupied and has been meticulously maintained. All 149 sites offer residents a quiet suburban setting across 23.56 acres with proximity to neighborhood services, retail, restaurants, and entertainment. The community features an outdoor greenspace for tenants to enjoy and all home sites can accommodate a newer multi-section home.
The property is strategically positioned to capitalize on the metro area’s continued growth which is the second largest in the state and second only to Portland.
- 2000 & 2155 Robins Lane NE, Salem, OR 97306