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201-307 Trees Ct
Silverton, OR 97381

Price Upon Request

Apartments For Sale  •  36,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 36,000 SF
  • Lot Size 5.5 AC
  • Building Class C
  • Year Built 1980
  • Zoning RM5
0 Transit Score
40 Walk Score

Highlights

Turn-key partially renovated opportunity with value-add component.
Proven renovation schedule - renovated units achieve 25% premium over classics.
Roughly 30% of units have undergone full or partial renovations.
Excellent location in Silverton, a desirable bedroom community of Salem.
Strong rental submarket with low vacancy and solid rent growth.
Recent rent increases - 6% cap on in-place and 7.59% on pro-forma

Amenities

  • Storage Space
  • Carpet
  • Dining Room
  • Family Room
  • Lawn
  • Patio
  • Vinyl Flooring

Parking Details

Parking Available: Yes
Reserved: No
Type: AttachedGarage
Included in Rent: Yes