Skip To Content
    Return to Previous Page

    1225 Riverbend NW

    Salem, OR 97304
    • $9,500,000
    • STATUS: Active Under Contract
    • ON SITE: 422 days
    • MLS #: 757774
    Under Contract
    UPDATED: 62 min ago
    $9,500,000
    • 66
      BEDS
    • 2.05
      ACRES
    • 66
      BATHS
    • 0
      1/2 BATHS
    • 41,820
      SQFT
    • $227
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing information © 2021 Willamette Valley Multiple Listing Service
    Listing provided courtesy of Premiere Property Group, Llc

    Description

    Accepted Offer with Contingencies. Price increase associated with stabilization of these three 3-story apartment buildings on approximate 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 market with rising rents.

    Monthly Payment Calculator



    © 2021 Willamette Valley Multiple Listing Service. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Coho Realty. Data last updated: 2021-01-22T09:08:49.633.
    www.cohorealtynw.com/homes/101307041
    Print Image

    1225 Riverbend NW Salem, OR 97304

    • Price: $9,500,000
    • Status: Active Under Contract
    • Updated: 62 min ago
    • MLS #: 757774
    66
    Beds
    66
    Baths
    0
    ½ Baths
    2.05
    Acres
    41,820
    SQFT
    $227
    $/SQFT
    2020
    Built
    Neighborhood:
    60 NORTHWEST SALEM
    County:
    Polk
    Area:
    60 NORTHWEST SALEM
    Elementary School:
    Brush College
    Middle School:
    Straub
    High School:
    West Salem
    Property Description
    Accepted Offer with Contingencies. Price increase associated with stabilization of these three 3-story apartment buildings on approximate 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 market with rising rents.
    Exterior Features

    Fenced Yard Partial Foundation Slab Landscape Irrigation SystemYes Patio Covered DeckCovered Patio Roof Composition Siding Fiber Cement Siding Style Board &Amp; BattLap View Territorial

    Interior Features

    Bonus Rooms Breakfast Room/Nook Dining Area (Combination) Dishwasher Yes Disposal Yes Fire System Sprinkled Flooring CarpetLaminateVinyl Heating ElectricOther (Refer To Remarks) Laundry W/D Included Range Facility ElectricMicrowave Included Refrigerator Refrigerator Included Unit1 Baths 12 Unit1 Bedrooms 12 Unit2 Baths 36 Unit2 Bedrooms 36 Unit3 Baths 18 Unit3 Bedrooms 18 Water Heater Electric

    Property Features

    Cross Street Wallace Rd Dual Living No Flood Plain No Handicap Amenities Yes (Refer To Remarks) High Speed Comm Access AvailablePresent Home Warranty No Homeowners Association No Association Inspection Report Available No Multifamily Type Multi- (5+) New Construction Yes Possession Closing Property Use Type Investment Sewer City Suitable For Garden/Low-Rise Tax Amount 17873 Tax Years 2020 Terms Seller Will Consider CashConventional Water City Zoning C0

    © 2021 Willamette Valley Multiple Listing Service. All rights reserved.


    © 2021 Willamette Valley Multiple Listing Service. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Coho Realty. Data last updated: 2021-01-22T09:08:49.633.
     
    https://bt-photos.global.ssl.fastly.net/salem/orig_boomver_1_757774-2.jpg https://bt-photos.global.ssl.fastly.net/salem/orig_boomver_1_757774-2.jpg https://bt-photos.global.ssl.fastly.net/salem/orig_boomver_1_757774-2.jpg
    Logo
    Coho Realty
    500 Liberty St SE, Suite 410
    Salem OR, 97301
    Listing information © 2021 Willamette Valley Multiple Listing Service
    Listing provided courtesy of Premiere Property Group, Llc