Listing Provided By: CHRISTINE FOLZ Agent: 503-949-3087 with REAL BROKER
Opportunity to purchase a 201-unit apartment complex currently under construction, ETA for completion July 2024. Located in the expanding community of West Salem, this project is in the horizontal phase and will be a 3-story multiplex complete with fitness center, resident pool & clubhouse, walking trail/green space and on-site management office. Development is located off Wallace Rd, adjacent to neighboring retail development which includes a small shopping center, food truck pod and pavilion.
- Price:
- $57,555,000
- Bedrooms:
- 399
- Square Footage:
- 341,102
- Acreage:
- 8.00
- Year Built:
- 2023
- Listing ID #:
- 800179
- Street Address:
- 2499 Wallace (-2539) Rd
- City:
- Salem
- State:
- Oregon
- Postal Code:
- 97304
- County:
- Polk
- Community:
- 60 Northwest Salem
- Subdivision:
- Riverbend Apartments Ph 2
- Listing Status:
- Active
- Listing Type:
- Multi- (5+)
K-5
500 students
22 student/teacher
6-8
685 students
20 student/teacher
9-12
1718 students
21 student/teacher
Source: ATTOM
- Ease Of Access:
- Yes (refer To Remarks)
- Flooring:
- Carpet, Laminate, Vinyl
- Foundation:
- Slab
- Number Of Units:
- 201
- Patio Description:
- Covered Deck, Covered Patio
- Siding:
- Fiber Cement
- Total Building Square Footage:
- 341102
- Type Of Roof:
- Composition
- Unit1 Bathrooms:
- 2
- Unit1 Bedrooms:
- 1
- Unit2 Bathrooms:
- 2
- Unit2 Bedrooms:
- 2
- Unit3 Bathrooms:
- 2.5
- Unit3 Bedrooms:
- 3
- Year Built:
- 2023
- Conforms To Zoning:
- Multi
- Financing Options:
- Cash, Conventional
- Price Per Acre:
- 7194375
- Price Per Square Foot:
- 168.73
- Price Per Square Foot:
- 168.73
- Property Taxes:
- $323,000
- Dining Room:
- Area (combination)
- Other Rooms:
- Breakfast Room/Nook
- Fence:
- Partial
- Existing Water:
- City
- Fire Sprinkler System:
- Sprinkled
- Heating:
- Electric
- Laundry:
- W/D Hookup
- Sewage Type:
- City
- Water Heater:
- Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: CHRISTINE FOLZ Agent: 503-949-3087 with REAL BROKER
