Camelot East

Located in the state’s capitol of Salem, Oregon, approximately 45 miles south of Portland, the Camelot East Apartments is a peaceful 55+ community, combining charm with convenience. This property provides a tranquil living environment close to Salem's many amenities. Trips for morning coffee, daily groceries and lunches are easy while being located across the street from Lancaster mall, and also only a short distance from Starbucks, Fred Meyer, and many other national and local retail outlets. You will also find easy access around town and to Interstate 5 and many local schools.Introducing the Camelot East Apartments, an exceptional investment opportunity in Salem, OR. The property offers a well-maintained 55+ community in a 38,064 SF low-rise/garden building comprised of (36) 2 bed/1 bath units. Built in 1997, the hallways and bathrooms are ADA compliant and all units offer washer/dryers. This property presents a prime prospect for multifamily investors seeking a solid addition to their portfolio. Boasting a convenient location in Salem, the property is poised for strong rental demand. Current ownership has invested over $500,000 in improvements over recent years, providing comfort to a new owner this has been a very well cared for investment. Recent improvements include a new roof in 2020, elevator and common area upgrades, newer siding and windows on the majority of the building, and paint in 2018. With a proven track record of consistent occupancy and attractive amenities, investors can capitalize on the thriving multifamily market in this dynamic area. Don't miss out on the potential this property holds for a successful multifamily investment venture in Salem.