Summary

The Brooktree Apartments are a 44 unit community located in a newly developed area off Commercial Street SE in Salem, Oregon. This property was built in 1969 and features all two bedroom units, two coin-operated laundry facilities, a recreational room, private balconies, beautiful landscaping, and a swimming pool.

New upgrades and capital improvements include air conditioning and Pergo floors in most units, three ceiling fans per unit, updated appliances, new siding, new exterior paint, new stair wells, new vinyl downspouts, and new energy efficient water and sewer pipelines.

This property has a strong rental upside with long-term occupancy, and offers an 11%+ cash on cash return on actual numbers.

Highlights

• New Upgrades & Capital Improvements
• Strong Rental Upside
• Long-Term Occupancy
• Most Units with new AC & Pergo Floors
• Well Secluded off Busy Commercial Street SE
• Walking Distance to Bus Line, Employment, Entertainment, etc.