1123 Cross St SE | Salem, OR 97302
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1123 Cross St SE
Salem, OR 97302
Pringle Creek Apartments · Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Building Size | 3,900 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1975 |
| Building Class | C | Parking Ratio | 1.54/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | RM2 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | RM2 |
AMENITIES
UNIT AMENITIES
- Hardwood Floors
ABOUT 1123 CROSS ST SE , SALEM, OR 97302
Pringle Creek Apartments is a half-mile walk from the Salem Hospital and Willamette University. These six units are currently operating as short-term fully furnished rentals to doctors and nurses at Salem Hospital and professors and grad students at the university. Current leases carry a minimum three-month term with a historical average of five months. This unique asset boasts a high cap rate and excellent ROI.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,495 | 650 |
PROPERTY TAXES
| Parcel Number | 596745 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $219,140 |
PROPERTY TAXES
Parcel Number
596745
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$219,140
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