Bought with Non Rmls Broker
$725,000
$725,000
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3,988 SqFt
SOLD DATE : 06/11/2024
Key Details
Sold Price $725,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,988 sqft
Price per Sqft $181
MLS Listing ID 24246411
Sold Date 06/11/24
Year Built 1977
Annual Tax Amount $6,415
Tax Year 2023
Lot Size 0.320 Acres
Property Description
Rare Fourplex Investment Opportunity in Salem! This villa-style multifamily complex features two 2/1 units and two 3/1 units for a total of 10 beds across all 4 units. Complex is currently fully-rented at market rate with 7.71% CAP on actuals, and 8.61% pro-forma based on 10% increase in global rents. Separate 4-car garage offers covered parking/storage. Tucked in between Lancaster and I5 for easy commuting.
Location
State OR
County Marion
Community Frontyardlandscaping
Area _174
Zoning RM2
Rooms
Basement Crawl Space
Interior
Heating Wall Furnace
Exterior
Garage Spaces 4.0
Community Features FrontYardLandscaping
Roof Type Composition
Parking Type Detached, Garage
Garage No
Building
Story 1
Foundation Stem Wall
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Four Corners
Middle Schools Houck
High Schools North Salem
Others
Acceptable Financing Cash, Conventional, OwnerWillCarry
Listing Terms Cash, Conventional, OwnerWillCarry
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