313-495 Wheeler Street

• Significant rent upside
• Buildable land
• Washer/Dryer Hookups
• Private Patios
• Single-level, age-in-place living
• Tenants pay water/sewer, gas, and electricity.
• Owner pays garbage recycling.
• 11 tenant garages with significant upside
• Opportunity to charge RUBS

Property Description

Edgewater Square Apartments offer investors upside in a market that is positioned for continued growth. Lebanon is a bedroom community for Corvallis, the most rent burdened market in Oregon and home to Oregon State University. Rents are approximately 25% below market. Current owners have removed trouble tenants and made numerous improvements such as (but not limited to) asphalt repairs and resurfacing, tree removal, common area dumpsters, deck replacement, gutter replacement, and replacement of forced air heat pumps. Excess land on the property allows buyers to develop at least 8 additional two story units.