Property • MultiFamily
Web ID # 695518904
$975,000.00
Beds • Baths
Property Features
Regional Multiple Listing Service, Inc.
NEW PRICE: Excellent solid investment 6-plex in the heart of Salem. Central location. 6 units all rented on month to month. No deferred maintenance. Newer electrical, plumbing, water lines, and appliances. Roof in excellent condition. Units have ceiling fans, hardwood floors. Some units recently remodeled. The property was awarded Most Improved Property of the year in the Salem area. Seller will also offer to carry financing, with 20-25% down, at 4% interest only for 5 years. With a cash offer, Seller will do a 1031 Exchange. Coin-op laundry provides extra income.Annual gross income $67,920. Annual Expenses $15,432 (23% of AG) 5.4 CAP. Access to property only with an accepted offer.
I-5 South to Portland Rd NE, to Fairgrounds Rd to Capitol St.
Dwelling Type: MultiFamily
Subdivision:
Year Built: 1930, County: US
I-5 South to Portland Rd NE, to Fairgrounds Rd to Capitol St.
Virtual Tour
Listing is courtesy of
