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Casa Sevilla

Casa Sevilla

https://www.josephbernard.net/casa-sevilla
Address:
1416 D Street NE, Salem, Oregon 97301
Price:
$410,000
Units:
8
Price per unit:
$51,250
Cap Rate:
8.01%
Year Built:
1978

Highlights

  • Located Near North Salem High School
  • Across from Public Transportation
  • Well-Lit Street & Property Lot
  • Two 4-Car Income Generating Carports
  • Well Landscaped Private Courtyard
  • Spacious Units with Individual Patios/Balconies
  • Coin-Operated Laundry On-Site
  • Well Maintained with Many Upgrades and Improvements
  • Strong and Long-Term Tenant Base
  • Located in Historic Northeast Neighborhood
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Casa Sevilla

Summary

The Casa Sevilla Apartments were built in 1978 are located in Salem's well-established Northeast Neighborhood. This area, home to the Court/Chemeketa Residential Historic District, is a 12-block area east of downtown Salem continaing 130 residences and three churches built between 1849 and 1937. The neighborhood was listed on the National Register of Historic Places in 1987. (www.salemen.org)

The property is well maintained with recent upgrades and improvements. It has a strong tenant base, an on-site coin-operated laundry facility, a and sits on a well-lit 0.32 acre lot with two 4-car income-generating carports. Casa Saville is located across from public transportation and within steps of North Salem High School.

Casa Sevilla features two separate two-story structures with eight units, individual patios or balconies, a well landscaped private courtyard, and long-term tenants.

Highlights

  • Located Near North Salem High School
  • Across from Public Transportation
  • Well-Lit Street & Property Lot
  • Two 4-Car Income Generating Carports
  • Well Landscaped Private Courtyard
  • Spacious Units with Individual Patios/Balconies
  • Coin-Operated Laundry On-Site
  • Well Maintained with Many Upgrades and Improvements
  • Strong and Long-Term Tenant Base
  • Located in Historic Northeast Neighborhood
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Casa Sevilla

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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Casa Sevilla

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Casa Sevilla

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Casa Sevilla

Document Title Document Type
Property Flyer Adobe PDF
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Casa Sevilla

Bernard Gehret
bgehret@josephbernard.net
Andrew Holowetzki
aholowetzki@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