$5,700,000
Silverwood Apartments
3872 Liberty Road South
Salem, OR 97023
Available
PRICE
UNITS
44
BUILDING SIZE
42,940 SQ FT
PRICE/UNIT
$129,545
TYPE
Mutifamily
SUB TYPE
Garden, Two & Three Stories
CAP RATE
6.65%
Highlights
Laundry Hookups Available
In Unit Full Size Washer & Dryer Hookups
Energy Efficient
High Efficiency Vinyl Windows
Captial Improvements
Newer Roof
Desireable Unit Mix
Mostly 2 Bedroom Floorplans
3872 Liberty Rd S, Salem- 01
3872 Liberty Rd S, Salem- 27
3872 Liberty Rd S, Salem- 26
3872 Liberty Rd S, Salem- 25
3872 Liberty Rd S, Salem- 24
3872 Liberty Rd S, Salem- 23
3872 Liberty Rd S, Salem- 22
3872 Liberty Rd S, Salem- 21
3872 Liberty Rd S, Salem- 20
3872 Liberty Rd S, Salem- 19
3872 Liberty Rd S, Salem- 18
3872 Liberty Rd S, Salem- 17
3872 Liberty Rd S, Salem- 16
3872 Liberty Rd S, Salem- 15
3872 Liberty Rd S, Salem- 14
3872 Liberty Rd S, Salem- 13
3872 Liberty Rd S, Salem- 12
3872 Liberty Rd S, Salem- 11
3872 Liberty Rd S, Salem- 10
3872 Liberty Rd S, Salem- 09
3872 Liberty Rd S, Salem- 08
3872 Liberty Rd S, Salem- 07
3872 Liberty Rd S, Salem- 06
3872 Liberty Rd S, Salem- 05
3872 Liberty Rd S, Salem- 04
3872 Liberty Rd S, Salem- 03
3872 Liberty Rd S, Salem- 02
DESCRIPTION
The Silverwood Apartments is a 44-unit community built in 1992. The property is comprised of 42 two-bed/two-bath units, one two-bed/one-bath and one one bed unit. Each spacious apartment home has washer & dryer hookups and is set in a quiet two- & three-story garden style layout. Eight garages and several storage rooms provide additional rental income.
The Silverwood Apartments are located within one mile of Fred Meyer, Walgreens, McMenamins, Starbucks, and many other restaurants and services.
The owner is offering a $200,000 credit towards property upgrades to allow the Silverwood Apartments to continue to take advantage of its strong Salem location.
FINANCIAL SUMMARY
- Pro Forma NOI $379,060
- Pro Forma Cap Rate 6.65%
CONTACT LISTING BROKER:
Tyler Gerding | 503.467.8901 | Tyler@PounderRealty.com
Location