Investment Overview

Marcus & Millichap is pleased to exclusively represent the sale of Sunnyview Townhomes. This exceptionally well-maintained garden-style townhome complex offers a unique opportunity to acquire a boutique community in the vibrant city of Salem, OR. The property features thirty-seven units, comprised exclusively of spacious three-bedroom townhomes. This rarified floorplan has little competition in the greater rental market, generating outsized demand from tenants seeking more space without the responsibility or financial barriers of the single-family housing market. Built in 2008, Sunnyview Townhomes provide spacious living spaces with desirable amenities such as in-unit laundry, attached garages, and private back patios. Select units have been renovated with new appliances, LVP flooring, fixtures and finishes. With the potential for a 19% increase in rental income based off highest achieved rents, Sunnyview Townhomes feature a turnkey boutique community with additional upside for the value-add investor. Situated in a quiet residential neighborhood and within walking distance to the Lancaster retail corridor, residents enjoy convenient access to a variety of retail and dining options, as well as significant employment opportunities via proximity to the state capitol. Sunnyview Townhomes are strategically located to continue serving the Salem community for years to come.