Listed by First Commercial Real Estate Services
$2,950,000
South Salem Multi-family Homes
Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 7,616
Units 12
Cap Rate 5.27%
NOI $155,590
Occupancy 100%
Class A
Year Built 2023
Buildings 4
Stories 3
Acreage 0.370
Zoning RM2
Each unit functions with a main level featuring two private garages and a private entrance.
Marketing description
Brand new construction multi-family in South Salem. Built by a prominent local developer. The parcel totals .37 acres and is comprised of 4 buildings which are each optimized for efficiency and function and built to maximum unit density allowed by the City of Salem. Each unit functions with a main level featuring two private garages and a private entrance to the common area to access the 2nd and 3rd floor units, along with a private entrance to the main level studio bedroom. Walking distance to area retailers like Starbucks and Roth’s Fresh Markets.
Investment highlights
- Three-story residence structures
- Great South Salem location
- 4 Buildings, 12 units
- Private garages and entrances
Listing Contacts
Listed by First Commercial Real Estate Services
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,590.00
$12,965.83/mo
Valuation Metrics
0
DSCR
5.27%
Cap Rate
5.27%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
