1162 ORCHARD CT N $9,000,000


    1162 ORCHARD CT N Keizer, OR 97303

    • 5 Beds
    • 2 Baths
    • Multi-Family
    • Listing# 21597390
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    Views: 35 Days On Site: 57

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    Property Details

    Description Tours

    The Orchard Court Apartments are a well maintained, 50-unit complex on a quiet cul-de-sac. Consists of 10 buildings & includes 8 garages with 16 total garage bays. There are 42, 2 BD & 8, 3 BD units that all include W/D. There is an additional laundry room on-site, off-street parking, balconies & well landscaped grounds. The offering is a fantastic opportunity to have a value-add potential deal without major deferred maintenance, as rents are below market, but the property is well maintained.

    • General Features
      • Area Marion Co: North Keizer
      • Bank Owned Y/N No
      • Capitalization Rate 5.00
      • Country US
      • Fuel Description Electricity
      • Gross Income Actual 648596
      • Gross Income Projected 743271
      • Gross Rent Multiplier 13.88
      • Heating Description Baseboard
      • Net Income Actual 449860
      • Net Income Projected 539936
      • Number Of Units Total 50
      • Occupancy Types Leased,Month To Month
      • Operating Expenses Actual 198736
      • Operating Expenses Projected 203335
      • Sewer Description Public Sewer
      • Short Sale Y/N No
      • Stories 2
      • Supplement Number 0
      • Tax Amount 44890.00
      • Terms Conventional
      • Third Party Approval Y/N No
      • Utilities Included Trash Collection,Sewer,Water,Maintenance Grounds
      • View Y/N No
      • Water Description Public Water
      • Year Built 1977
      • Zoning RM
    • Building Features
      • Common Amenities Laundry
      • SqFt Approximate Building Total 48724
      • Unit Type1 Baths Total 1
      • Unit Type1 Beds Total 2
      • Unit Type1 Features Washer/Dryer
      • Unit Type1 Rent 1042
      • Unit Type1 SqFt 925
      • Unit Type1 Units Total 42
      • Unit Type2 Baths Total 1
      • Unit Type2 Beds Total 3
      • Unit Type2 Features Washer/Dryer
      • Unit Type2 Rent 1316
      • Unit Type2 SqFt 1035
      • Unit Type2 Units Total 8
      • UnitFeatures Washer/Dryer
      • UnitTypeType 1,2
    • Room Features
      • Legal Description STRATFORD PLAZA, LOT 1-10, ACRES 3.01
      • Limited Representation Y/N Full Service
    • Property Features
      • Lot Description Cul-de-sac
      • Lot Size 3 to 4.99 Acres
      • Property Category Multi Family
    • Schools
      • Elementary School Keizer
      • High School McNary
      • Middle School Claggett Creek


    Mark Shadrin

    Mark Shadrin

    Mark Shadrin & Andrea Gonzalez (Espanol)


    Real Estate Professionals Salem

    Direct: 503-983-4405
    • 2-10 Home Buyers Warranty
    • American Home Shield - Be sure with the Shield.


    97303 (Keizer) Demographics

    37 Median Age
    1,608 Population Density (per sq. mile)
    36% College Educated
    $64,587 Estimated Median Income
    8,865 Estimated Total Home Owners
    6,126 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    41,173 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $415,000 Median Sales Price
    61 Homes Sold
    32 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $9,000,000
        1/17/2022 4:36:13 PM Status Changed Source: Multiple Listing Service New Value: Pending
        12/1/2021 2:22:00 PM New in Database Source: Multiple Listing Service New Value: $9,000,000

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        The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Real Estate Professionals are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2022 RMLS™, Portland, Oregon. This content last updated on 1/27/2022 8:38:15 PM. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.