3925-3967 Lancaster Dr | Salem, OR 97305
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- LoopNet Team
3925-3967 Lancaster Dr
Salem, OR 97305
JFJ Apartments · Multifamily Property For Sale
·
17 Units
INVESTMENT HIGHLIGHTS
- Significantly larger unit size than market average at an average of 1,216 square feet
- Impressive market fundamentals with a 4.1% submarket vacancy and 6.25 annual rent growth in the salem market over the past 10 years
- Unique variety of living spaces with townhouses, a duplex and a single family home
PROPERTY FACTS
| No. Units | 17 | Building Size | 20,672 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.69/1,000 SF |
| Lot Size | 1.30 AC | ||
| Zoning | RM | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.30 AC |
| Building Size | 20,672 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | RM |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Yard
- Dining Room
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $1,150 | 920 |
| 2+1.5 | 8 | $1,537 | 1,150 |
| 3+1.5 | 6 | $1,731 | 1,325 |
| 3+2 | 1 | $2,074 | 1,682 |
PROPERTY TAXES
| Parcel Number | 522293 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $483,210 |
PROPERTY TAXES
Parcel Number
522293
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$483,210
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