1055 Schurman Dr S, Salem, OR 97302, USA
1055 Schurman Dr S, Salem, OR 97302, USA
$11,250,000
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Listing Details
Descriptions
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Description:
Brand new apartment complex in desirable South Salem location off River Rd across from Minto Brown Park. Three buildings featuring (18) 1 bed/1 bath and (24) 2 bed/2 bath units for a total of 42 units with onsite office. Built with high-quality construction and finishes, they offer an exceptional standard of living for their residents. Units feature AC, in-unit laundry, covered patio or deck with storage closet. Low maintenance site design on 1.88 acres with close proximity to downtown Salem, Willamette University, and Salem Hospital and more.
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Property Information & Location
- County: Marion
- Cross Street: River Rd S
- APN: 587480
- Lot Size, Acres: 1.885
- Lot Size, Sqft: 82128
- Zoning: RM2
- Property Taxes: $64,050
- Property Tax Year: 2024
- Signal Intersection: No
Sale Terms
- Price per sqft: $273.28
- Sale Type: Investment
- Cap Rate: 5.60%
- NOI: $629,974
Lease Terms
- New Construction: Yes
Building Details
- Property Name: Harmona Heights Apartments
- Building Status: Existing
- Building Size (sqft): 41166 sq ft
- Gross Leasable Area (SF): 40014
- No. Buildings: 3
- Floors: 3
- Year Built: 2023
- Tenancy: Multiple
- Parking Type: Surface
- ADA Compliant: Yes
- Roof: Composition
- Foundation: Continuous, Slab
Units
- No. Units: 42
- Unit Mix: 1x1, 2x2
- Total Bedrooms: 66
- Total Bathrooms: 66
Video
- Video:
Floor Plans
- Floor plans:
Showing Instructions
- Showing Instructions: 24-Hr Notice, Call Listing Broker
- Listed By: James Hauge
- Broker's Phone Number: 503-877-2101
- Broker's Email: jamesh@legacyre.com
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This property is located in is currently For Sale and has been listed on Legacy Real Estate - Corporate. This property is listed at $11,250,000.
