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4253 Claxter Ct
Salem, OR 97301
Claxter Crossing Apartments · Multifamily Property For Sale
·
10 Units
Property Facts
| No. Units | 10 | Lot Size | 1.66 AC |
| Property Type | Multifamily | Building Size | 74,688 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2020 |
| Building Class | B | ||
| Zoning | CO | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.66 AC |
| Building Size | 74,688 SF |
| No. Stories | 3 |
| Year Built | 2020 |
| Zoning | CO |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Range
- Tub/Shower
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Clubhouse
- Playground
- Property Manager on Site
- Basketball Court
- Grill
- Recycling
About 4253 CLAXTER CT , SALEM, OR 97301
Value Add opportunity with land to add additional units. Current scheduled income is $68,190(NOI of $44,258.50) which includes a significant price reduction for a maintenance manager on-site, and for other properties in the portfolio. Notices are scheduled to go out May 1 to reflect increases to the pro-forma income that is provided. Property is in rough condition with a significant amount of deferred maintenance. Pricing reflects the need for necessary improvements and repairs with a stabilized cap rate in the 7.0-8.0% range, and upside potential in the excess land. Seller is looking to complete a 1031 exchange, and is not interested in carried contract terms.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $650.00 | 590 - 600 |
| 2+1 | 1 | $950.00 | 1,200 |
| 3+2 | 1 | $1,700 | 1,600 |
Property Taxes
| Parcel Number | 526001 | Improvements Assessment | $8,601,650 |
| Land Assessment | $741,990 | Total Assessment | $9,343,640 |
Property Taxes
Parcel Number
526001
Land Assessment
$741,990
Improvements Assessment
$8,601,650
Total Assessment
$9,343,640
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