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2522-2556 Simpson St SE 8 Unit Apartment Building $925,000 ($115,625/Unit) Salem, OR 97301
EXECUTIVE SUMMARY
Well located 8 unit garden-style apartment complex in SE Salem consisting of all 1 bed / 1 bath units built in 1971. The property total approximately 4,160 RSF on a 0.30 acre site and features 11 surface parking spaces, common laundry and patios. Attractive price per unit with strong in-place income. Member of selling entity is a Licensed Real Estate Broker in the State of Oregon
PROPERTY FACTS
| Price | $925,000 | Lot Size | 0.31 AC |
| Price Per Unit | $115,625 | Building Size | 4,202 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.9/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RM2 | ||
| Price | $925,000 |
| Price Per Unit | $115,625 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 4,202 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1971 |
| Parking Ratio | 1.9/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 520 |
1 1
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 590333 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $394,670 |
PROPERTY TAXES
Parcel Number
590333
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$394,670
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2522-2556 Simpson St SE
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