Westview Manor
1136 Fairmount Ave South
Salem, Oregon 97302

PRICE

$1,400,000

UNITS

13

SIZE

8,300 SF

PRICE/UNIT

$107,692

TYPE

Multifamily

CAP RATE

6.16%

Highlights

Environmentally Friendly
Energy Efficient Vinyl Windows
Parking Amenities
Off Street Parking Available
Easily Accessible
Great Location in Close Proximity to both the I-5 corridor and St. Johns bridge
Natural Amenities
Patios, Balconies & Greenspace
Laundry Available on Site
Laundry Facility On Site for Additional Income
1136 Fairmount Ave S - Salem - 03
1136 Fairmount Ave S - Salem - 03
1136 Fairmount Ave S - Salem - 02
1136 Fairmount Ave S - Salem - 02
1136 Fairmount Ave S - Salem - 06
1136 Fairmount Ave S - Salem - 06
1136 Fairmount Ave S - Salem - 14
1136 Fairmount Ave S - Salem - 14
1136 Fairmount Ave S - Salem - 15
1136 Fairmount Ave S - Salem - 15
1136 Fairmount Ave S - Salem - 11
1136 Fairmount Ave S - Salem - 11
1136 Fairmount Ave S - Salem - 08
1136 Fairmount Ave S - Salem - 08
1136 Fairmount Ave S - Salem - 07
1136 Fairmount Ave S - Salem - 07
1136 Fairmount Ave S - Salem - 05
1136 Fairmount Ave S - Salem - 05

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

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