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Pinebrook Apartments

Pinebrook Apartments

https://www.josephbernard.net/pinebrook
Address:
1338 39th Avenue NE, Salem, Oregon 97301
Price:
$755,000
Units:
12
Price per unit:
$66,250
Cap Rate:
7.19%
Year Built:
1976

Highlights

  • No Deferred Maintenance
  • Well Maintained & Operated
  • Off-Street Parking
  • Vinyl Windows
  • Private Backyards for Tenants
  • Immaculate Landscaping
  • Townhouse-Style Units
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Pinebrook Apartments

Summary

The Pinebrook Apartments are a 12 unit townhouse-style community located in NE Salem, Oregon. This property has been well maintained and features immaculate landscaping, vinyl windows, off-street parking, and on-site laundry. There is also a new roofing system and private backyards for tenants. The Pinebrook Apartments are perfect for a buyer who wants a quality multifamily operation with a strong tenant culture and no deferred maintenance.

Highlights

  • No Deferred Maintenance
  • Well Maintained & Operated
  • Off-Street Parking
  • Vinyl Windows
  • Private Backyards for Tenants
  • Immaculate Landscaping
  • Townhouse-Style Units
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Pinebrook Apartments

Salem is the capital of the state of Oregon, and the county seat of Marion County.  It is located alongside the Willamette River, which forms the boundary between Marion and Polk Counties.  The Willamette River is considered to be one of the most fertile and agriculturally productive regions of the United States.

With over 150,000 residents, Salem is Oregon's second largest city.  Elevation in this city ranges from 120' at the riverside to 1000' at Eola Hills.  It is home to over 13 public and private universities, including Willamette University.  Events and attractions in Salem include the Oregon State Fair, Salem Saturday Market, the annual World Beat Festival, Salem Art Festival, and the Bite of Salem.

Salem has the second largest school district in Oregon, with an enrollment of 39,000 students and over 2,000 teachers and counselors.  The state of Oregon is the largest employer of Salem, with over 13,000 full-time employees.

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Pinebrook Apartments

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Pinebrook Apartments

Document Title Document Type
Property Flyer Adobe PDF
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Pinebrook Apartments

Bernard Gehret
bgehret@josephbernard.net
Joseph Bernard, LLC
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax