Views - New Construction
Address
1225 Riverbend RD NW Salem, OR
Price
$ 9,500,000
Property Attributes
  • MLS#19010294
  • TypePending
  • CountyPOLK
  • CitySalem
  • AreaPolk Co - West Salem N
  • Zip97304
  • Style
  • Year Built2020
  • Taxes17873
  • Price$ 9,500,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage41820
Listing Provided Courtesy Of:
Premiere Property Group, LLC
Property Description

Price increase associated with stabilization of these three 3-story apartment buildings on approximately 2-acre lot just off Wallace Rd in desirable West Salem. 48 total units comprised of 1BD/1BA & 2BD/2BA all w/ washer/dryer, kitchen appliances, deck/patio & parking included. Each apartment to contain ductless cooling & cadet heating units. One ADA apartment available w/ 15 more adaptable. Landscaping & common areas include walking trail, play structure & green space. Growing rental market.

Elementary School Middle School High School
Brush College Elementary School Straub Middle School West Salem High School
Price History
12/2/2019 Listed $10,000,000
4/17/2020 11% - $8,900,000

General Features

Cooling Wall Unit(s)
Heating Other
MLS Area Polk Co: West Salem N
Property Type Multi Family
Roof Composition
Security Features Security Lights
Sewer Public Sewer
Terms Call Listing Agent, Cash, Conventional
Total Units 48
Video Tour Y/N No
View Territorial
Zoning C0

Interior Features

Fueldescription Electricity
Hot Water Electricity
Sqftapproximatebuildingtotal 41820
Unit 1 Baths Total 1
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit Features Deck, Refrigerator, Washer/Dryer, Air Conditioning
Unittype1sqft 770
Unittype1unitstotal 30
Unittype2sqft 1040
Unittype2unitstotal 18

Exterior Features

Exterior Description Board & Batten Siding, Lap Siding
Foundation Details Slab
Lot Features Sloped, Trees
Lot Size 1 to 2.99 Acres
View Y/N Yes
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 97304

Price
AVG $750K
$9.5M
Taxes
AVG $4,406
$17,873
Visits
AVG 38
5
Year Built
AVG 1992
2020

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