Towne South Apartments, LLC

3343 Crawford St. SE
Salem, OR 97302

Property Type: Multifamily

Sub-type: Garden/Low-Rise

Use Type: Investment

No. of Units: 18

Building Size: 15,512 SF

Cap Rate: 7%

Occupancy: 100%


Lot Size: 28,314 SF


Towne South has many upgrades which include, but not limited to new energy efficient windows, sliding patio/deck doors, front doors, door jams and insulation. The exterior renovation includes, new decking, all new paint and new lighting fixtures have been installed. Most units have newer water heating systems, carpets/flooring and paint. Amenities include: swimming pool, recreation room and on site laundry facilities.

The swimming pool has new surface, drainage system (complying with the pools/spa laws) & newer pump/filtering system. There is space on the property to add a Hot Tub or Spa or possibly more units (verify with city planning/zoning). Recreation room includes some equipment. Laundry facilities on site.

Towne South is within miles of the Salem Renewable energy park, which Sanyo has a solar cell facility, along with other major companies.