Lancaster Gardens Apartments
Sale Price: $17,000,000
- This is a 55 and Older Community
- Mix of Charming 1-Bedroom & 2-Bedroom Units & Garages
- Located in Desirable NE Salem Area; Across from Willamette Town Center
- A Short Distance to Numerous Amenities: Restaurants, Shopping, Schools, Parks, Etc
- Walk Score of 78: “Very Walkable; Bike Score of 88: “Very Bikeable”
- Historically Low Vacancy Rates
- Average in-Place Rents of $1,280, Includes Rent Increases Scheduled for May/June
- Great Well Kept Property; Don’t Miss Out!
Cap rate in the attached investment analysis does not include the acquisition cost of the $1.25m adjacent lot with plans and ready for development of 24 units.
Property Highlights
Lancaster Gardens Apartments were designed as a neighborhood community. Manicured landscaping brightens views and gives beauty to surroundings.
Located near by
- Willamette Town Center
- Regal Movie Theater
- Olive Garden
- Applebee's
- Cherriots Bus Transit
- Mongolian Grill
Lancaster Gardens Apartments Photos
Exterior
Interior
Aerial View
Contact us for more information
Broker Contact Information:
Tim Gray, Principle Broker: (503) 890-2021
Jarrett Gray, Broker: (503) 828-4627
Listed by: Apartments Northwest, LLC