<< Back to Property Search
Sold

Cannon Court Apartments

Cannon Court Apartments

https://www.josephbernard.net/cannon-court
Address:
2599 12th Street SE, Salem, Oregon 97303
Price:
$1,725,000
Units:
32
Price per unit:
$52,656
Cap Rate:
7.17%
Year Built:
1970

Highlights

  • Spacious 2-Bedroom Units with Decks/Patios
  • Off-Street Parking
  • On-Site Laundry
  • Strong Tenant Base & Rental History
  • Convenient Location Near Freeways & Bus Lines
Get More Information

Please fill out the fields below to receive further information about Cannon Court Apartments


Sold

Cannon Court Apartments

Summary

The Cannon Court Apartments are a 32-unit community located on the end of a quiet street in SE Salem, Oregon. This property was built in 1970 and features spacious two bedroom units that have either patios or decks. The property has on-site laundry, off-street parking, and has a strong tenant base and rental history.

Highlights

  • Spacious 2-Bedroom Units with Decks/Patios
  • Off-Street Parking
  • On-Site Laundry
  • Strong Tenant Base & Rental History
  • Convenient Location Near Freeways & Bus Lines
Sold

Cannon Court 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.

Sold

Cannon Court Apartments

South Vista Apartments
435 Vista Avenue SE, Salem , Oregon, 97302
josephbernard
Price: $2,130,000 Units: 30 Price per Unit: $71,000 Cap Rate: 6.60%
Heritage Hills Apartments
3875 S Liberty Road, Salem , Oregon, 97302
josephbernard
Price: $2,036,000 Units: 36 Price per Unit: $56,556 Cap Rate: 5.30%
Sold

Cannon Court Apartments

image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
Sold

Cannon Court Apartments

Document Title Document Type
Property Flyer Adobe PDF
Sold

Cannon Court Apartments

Joseph Chaplik
jchaplik@josephbernard.net
Bernard Gehret
bgehret@josephbernard.net
Michael Candianides
mcandianides@josephbernard.net
Joseph Bernard, LLC
5200 S Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax