$1,400,000
Westview Manor
1136 Fairmount Ave South
Salem, Oregon 97302
PRICE
UNITS
13
SIZE
8,300 SF
PRICE/UNIT
$107,692
TYPE
Multifamily
CAP RATE
6.16%
Highlights
DESCRIPTION
The Westview Manor Apartments are located in the desirable South
Central sub market of Salem. Just blocks from the downtown Salem area,
residents can enjoy many entertainment, dining and shopping options. In
addition, the property is also one mile from Minto-Brown Park which
enjoys the distinction of being larger than Central Park.
The property is comprised of one building with 13 apartment homes.
There are seven one bedroom/ one bath units and six two bedroom/one
bathroom units.
The property has seen several exterior upgrades in the recent past that
include paint, energy efficient vinyl windows, roof as well as deck railings.
The property offers off street parking with an attached asphalt parking lot
FINANCIAL SUMMARY
- Pro Forma Total Operating Income (EGI) $118,503
CONTACT LISTING BROKER:
Tyler Gerding | 503.467.8901 | Tyler@PounderRealty.com
Location