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Listed by CHRISTINE FOLZ • REAL BROKER • Agent: 503-949-3087
$ 16,000,000
Est. payment /mo
Active
2499 Wallace (-2539) Rd NW NW Salem, OR 97304
399 Beds
414 Baths
341,102 SqFt
UPDATED:
05/22/2024 04:23 PM
Key Details
Property Type Multi-Family
Sub Type Multi- (5+)
Listing Status Active
Purchase Type For Sale
Square Footage 341,102 sqft
Price per Sqft $46
Subdivision Riverbend Apartments Ph 2
MLS Listing ID 816906
Bedrooms 399
Year Built 2023
Annual Tax Amount $323,000
Lot Size 8.000 Acres
Acres 8.0
Property Description
Opportunity to purchase & take over the development/completion of 201-unit apartment complex project. Located in expanding community of West Salem. Plans & permits for 3-story multiplex complete w/fitness center, pool & clubhouse, walking trail/green space & on-site management office. Adjacent to neighboring small shopping center, food pods & pavilion. Property will be delivered in current state with approx 65% horizontal completed. West Salem is a reliably expanding community, with 190,963 residents within a five-mile radius and a projected population of 202,097 by 2026.
Location
State OR
County Polk
Area 60 Northwest Salem
Rooms
Other Rooms Breakfast Room/Nook
Dining Room Area (Combination)
Interior
Hot Water Electric
Heating Electric
Flooring Carpet, Laminate, Vinyl
Laundry W/D Hookup
Exterior
Fence Partial
Roof Type Composition
Building
Foundation Slab
Sewer City
Water City
Schools
Elementary Schools Harritt
Middle Schools Walker
High Schools West Salem
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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