2415 Strong Heights Ln SE - Apartments FOR SALE


Salem, OR 97302
$6,999,000 USD
503-931-3521
2415 Strong Heights Ln SE, Salem, OR for Sale
$6,999,000 USD
Apartments - FOR SALE
1/15
null | 5.98% Cap Rate

2415 Strong Heights Ln SE
Salem, OR 97302


HIGHLIGHTS

  • Great South Salem location
  • 12 Buildings, 24 units
  • Private garages and entrances
  • Additional storage on main floor
  • FMU Zoning

OVERVIEW

Brand new construction single family home with an ADU in South Salem built to newest code and energy standards. Constructed by a longtime local developer. Located in the Fairview area which is a booming area of growth for South Salem sitting adjacent to a future City of Salem park. This product is a 3-story unit model which is optimized for efficiency and function. The main level features two private garages and a private entrance to the common area to access the 2nd and 3rd floor units along with a private entrance to the main level bedroom.

FOR SALE DETAILS

PRICE

$6,999,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

24

PRICE/UNIT

$291,625

CAP RATE

5.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Construction- 12 Lots, 24 Units Portfolio

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

88,923 SF

ZONING

FMU

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Josh KayFirst Commercial Real EstateMore Info
503-931-3521

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Josh KayFirst Commercial Real EstateMore Info
503-931-3521

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.