159-197 Pembrook St SE - Apartments FOR SALE


Salem, OR 97302- Faye Wright | 
$3,100,000 USD
949-606-3734
159-197 Pembrook St SE, Salem, OR for Sale
$3,100,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

159-197 Pembrook St SE
Salem, OR 97302
Faye Wright


OVERVIEW

Pembrook Apartments is a 19-unit investment in South Salem, combining an 18-unit apartment community with an adjacent 4-Bed / 2.5-Bath single-family home. The apartments were developed in 1993 by current ownership and have been held ever since, making this the first time the property has been offered for sale. The apartment community consists entirely of 816 SF, single-level 2-Bed / 1-Bath residences. Each apartment includes a private backyard and washer and dryer hookups, while 31 surface parking spaces and 18 on-site storage spaces add everyday convenience. The uniform floor plans simplify operations, and the one-story design gives residents more of a single-family-home feel than a typical apartment community.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

19

PRICE/UNIT

$163,158

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

155 and 159-197 Pembrook St SE Salem OR

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

RM2

APN/PARCEL ID

581260,581261

ASK ABOUT THIS PROPERTY

Matthew MillerSMI Real EstateMore Info
949-606-3734

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Matthew MillerSMI Real EstateMore Info
949-606-3734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.