2522-2556 Simpson St SE - Apartments FOR SALE


Salem, OR 97301- Northeast Salem
$925,000 USD
503-390-6060
2522-2556 Simpson St SE, Salem, OR for Sale
$925,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

2522-2556 Simpson St SE
Salem, OR 97301
Northeast Salem


OVERVIEW

Well located 8 unit garden-style apartment complex in SE Salem consisting of all 1 bed / 1 bath units built in 1971. The property total approximately 4,160 RSF on a 0.30 acre site and features 11 surface parking spaces, common laundry and patios. Attractive price per unit with strong in-place income. Member of selling entity is a Licensed Real Estate Broker in the State of Oregon

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

8

PRICE/UNIT

$115,625

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,419 SF

ZONING

RM2

APN/PARCEL ID

590333

ASK ABOUT THIS PROPERTY

Eric SwansonSMI Real EstateMore Info
503-390-6060

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Eric SwansonSMI Real EstateMore Info
503-390-6060

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