2475 Broadway St NE | Salem, OR 97301
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- LoopNet Team
2475 Broadway St NE
Salem, OR 97301
Somerset West Apartments · Multifamily Property For Sale
·
25 Units
INVESTMENT HIGHLIGHTS
- Capital Improvement Projects completed in the last 18 months totaling over $215,000:
- Complete siding, paint, gutters, fencing, parking lot, signage, landscape including replacement of irrigation
- 12 units have significant interior improvements
- Sister property, Somerset East Apartments, also for sale; $7,500,000
PROPERTY FACTS
| No. Units | 25 | Building Size | 20,529 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1962 |
| Apartment Style | Low-Rise | Parking Ratio | 1.77/1,000 SF |
| Building Class | C | Cross Streets | Locust street |
| Lot Size | 0.81 AC | ||
| Zoning | RM2 | ||
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 20,529 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.77/1,000 SF |
| Cross Streets | Locust street |
| Zoning | RM2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | 600 - 650 |
| 2+1 | 3 | - | 800 |
| 2+1.5 | 8 | - | 1,020 |
PROPERTY TAXES
| Parcel Number | 526443 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $714,560 |
PROPERTY TAXES
Parcel Number
526443
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$714,560
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