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Galaxie Apartments

Galaxie Apartments

https://www.josephbernard.net/galaxie
Address:
640-650 14th Street NE, Salem, Oregon 97301
Price:
$337,000
Units:
6
Price per unit:
$56,167
Cap Rate:
7.31%
Year Built:
0

Highlights

  • Strong Rental History
  • Private Areas for Tenants
  • Vinyl Windows
  • Fireplaces
  • Hardwood Floors
  • Well Maintained & Operated
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Galaxie Apartments

Summary

The Galaxie Apartments are a well maintained six unit building located across from North Salem High School in Salem, Oregon. The property features hardwood floors, fireplaces, vinyl windows, on-site parking, and private areas for tenants to enjoy.

The pro forma for this property shows how strong the rental history is and provides actual income and expense.

Highlights

  • Strong Rental History
  • Private Areas for Tenants
  • Vinyl Windows
  • Fireplaces
  • Hardwood Floors
  • Well Maintained & Operated
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Galaxie 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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Galaxie Apartments

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Galaxie Apartments

Document Title Document Type
Property Flyer Adobe PDF
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Galaxie Apartments

Bernard Gehret
bgehret@josephbernard.net
Joseph Bernard, LLC
5200 SW Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
503.546.9395 Fax