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2505 Wallace Rd

Salem, OR 97304
  • $16,000,000
  • STATUS: Active
  • MLS #: 24492370
New
UPDATED: 125 min ago
$16,000,000
  • 0
    BEDS
  • 2.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 194,800
    SQFT
  • $82
    $/SQFT
Type:
Multi-Family
Built:
2024
County:

School Information

Elementary School:
Middle School:
High School:

Description

Oppurtunity to purchase and take over the development/completion of a 201-unit apartment complex project.Located in the expanding community of West Salem. Plans and permits for 3-story multiplex complete with fitness center, resident pool & clubhouse, walking trail/green space and on-site management office. Property will be delivered in current state with approx 75% horizontal completed. Development is located off Wallace Rd, adjacent to phase 1 (completed) and neighboring retail development which includes a small shopping center, food truck pod and pavilion. Developer is willing to complete project for negotiated developer fees after purchase. Inquire with co broker.

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Listing content is copyright © 2024 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Brantley Christianson Real Estate LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-05-19T05:54:36.103.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Brantley Christianson Real Estate LLC and should be independently verified.
www.brantleychristianson.com/homes/150567641
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2505 Wallace Rd Salem, OR 97304

  • Price: $16,000,000
  • Status: Active
  • On Site: Days
  • Updated: 125 min ago
  • MLS #: 24492370
0
Beds
0
Baths
0
½ Baths
2.64
Acres
194,800
SQFT
$82
$/SQFT
2024
Built
Neighborhood:
168-Polk Co: West Salem N
County:
Polk
Area:
168-Polk Co: West Salem N
Elementary School:
Harritt
Middle School:
Walker
High School:
West Salem
Property Description
Oppurtunity to purchase and take over the development/completion of a 201-unit apartment complex project.Located in the expanding community of West Salem. Plans and permits for 3-story multiplex complete with fitness center, resident pool & clubhouse, walking trail/green space and on-site management office. Property will be delivered in current state with approx 75% horizontal completed. Development is located off Wallace Rd, adjacent to phase 1 (completed) and neighboring retail development which includes a small shopping center, food truck pod and pavilion. Developer is willing to complete project for negotiated developer fees after purchase. Inquire with co broker.
Exterior Features

Attached Garage YN No Exterior Description Cement Siding Foundation Details Slab Parking Features Assigned Road Surface Type Paved Roof Composition View YN No

Interior Features

Basement None Cooling Other Cooling YN No Heating Mini Split Heating YN Yes

Property Features

Bank Owned YN No Community Features Recreation Facilities Fuel Description Electricity Green Certification YN No Gross Income 4546756 Hot Water Description Electricity IDXAddress Display YN Yes Listing Terms Cash Conventional Net Operating Income 3260666 Operating Expense 1058752 Property Attached YN No Property Condition New Construction Rent Includes Maintenance Grounds Trash Collection Sewer Public Sewer Short Sale YN No Tax Annual Amount 9029 Tax Year 2024 Water Source Public Water Zoning Multi

Listing provided courtesy of Real Broker: .


Listing content is copyright © 2024 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Brantley Christianson Real Estate LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-05-19T05:54:36.103.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Brantley Christianson Real Estate LLC and should be independently verified.
 
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