


Property Attributes
- MLS#771374
- TypeContingent
- CountyMARION
- CitySalem
- Area30 SUBURBAN E SALEM-NORTH
- Zip97305
- StyleMulti- (5+)
- Year Built1997
- Taxes5974
- Price$ 1,400,000
- Bedrooms23
- Full Bathrooms12
- Half Bathrooms0
- Sqr Footage9048
- Lot Size0.41 Acres
Listing Provided Courtesy Of:
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
Property Description
Accepted Offer with Contingencies. Fully rented 8 Plex with 7 3/1.5 units & 1 2/1.5 unit on .42 acres. 7 units rented at $1,095 & 1 unit rented at $1400. Gross scheduled income = $108,780 | Net Operating Income = $85,972 | 6.1% Cap Rate. Property next door is for sale for $200k at 3892 Ward Pl. which is zoned for 6plex. Actual & Projected financials available. Roof replaced in 2016. Please do not disturb tenants
Elementary School | Middle School | High School |
---|---|---|
Yoshikai Elementary School | Adam Stephens Middle School | McKay High School |
Price History | |
---|---|
11/24/2020 | Listed $1,400,000 |
General Features
Assessments Or Liens | No |
---|---|
Class | Multi Family |
Flooring | Carpet, Vinyl |
HOA | No Association |
Handicap Amenities | No |
Heating | Electric, Zonal |
High School | McKay |
Laundry | W/D Hookup |
Listing Area | 30 SUBURBAN E SALEM/NORTH |
Maintenance | 6813 |
Middle School | Adam Stephens |
New Construction | No |
Price Per Sq Ft | 154.73 |
Roof | Composition |
Sewer | City |
Status | Active |
Status | ACTIVE UNDER CONTRACT |
Status Detail | 2 |
Subdivision | OR |
Terms Seller Willconsider | Cash, Conventional |
Type | Multi- (5+) |
Water | City |
Water Heater | Electric |
Year Built | 1997 |
Zoning | RS |
Interior Features
# of Units | 8 |
---|---|
Dining Room | Area (Combination) |
Dishwasher | Yes |
Disposal | Yes |
Dual Living | Yes |
High Speed Comm Access | Available |
Refrigerator | Refrigerator Included |
Unit 1 # Baths | 1.5 |
Unit 1 # Bedrooms | 3 |
Unit 2 # Baths | 1.5 |
Unit 2 # Bedrooms | 3 |
Unit 3 # Bedrooms | 3 |
Unit 4 # Baths | 1.5 |
Unit 4 # Bedrooms | 3 |
Unit 5 # Baths | 1.5 |
Unit 5 # Bedrooms | 3 |
Exterior Features
Unit 3 Baths | 1.5 |
---|---|
Flood Plan | No |
Foundation | Continuous |
Garbage | 2295 |
Lot Size Area | 0.41 |
Outbuildings | Shed |
Patio | Patio |
Siding | Wood |
Siding Style | T111 |
Water Sewer | 5311 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool