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201-307 Trees Ct
Silverton, OR 97381

$7,250,000 USD

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
Cap Rate 5.51 %
Zoning RM5

0 Transit Score

19 Walk Score

                
                    Highlights
                
                                Turn-key partially renovated opportunity with value-add component.
                            
                                Proven renovation schedule - renovated units achieve 29% premium over classics. 
                            
                                Roughly 25% 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.

Property Flyers

Trees Court_OM

Cap Rate:

5.51 %

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

Clay Newton 503-721-2719 Kidder Mathews

201-307 Trees Ct Silverton, OR 97381