Accepted Offer with Contingencies. Rare investor opportunity! Here is your chance to own a cash flowing 6-plex with current tenants for all units in SE Salem! Featuring, 2 bed, 1 bath per unit, all new panels/ meters along with W/D hook ups going in 4/24. New floors, kitchens, bathroom updates, exterior paint, vapor barrier, shared storage between each unit, large common areas for green space, dedicated parking, a great cap rate of 8.68%, and much more! Inquire now! Seller is licensed real estate broker & member to owning LLC.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1 / 1 / 1 / 1 / 1
- Full Bathrooms: 6
Appliances
- Laundry Facilities: W/D Hookup
Kitchen and Dining
- Refrigerator: Refrigerator Included
Heating and Cooling
- Heating Features: Heating Cooling: Electric, Water Heater: Electric
Interior Features
Land Info
- Lot Description: Lot Type: Irregular, Lot: 3&4
- Lot Size Acres: 0.29
- Lot Size Square Feet: 12632
Garage and Parking
- Garage Spaces: 2147483647
- Garage Description: Gravel space #1055 / Gravel space #1061 / Gravel space #1067 / Gravel space #1073 & 1085
Home Features
School Information
- Elementary School: Bush
- High School: South Salem
- Middle School: Leslie
Multi-Unit Info
- Number of Units: 6
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 2
- Bedrooms in Unit-4: 2
- Bedrooms in Unit-5: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
- Unit-1 Square Feet: 636
- Unit-2 Square Feet: 636
- Unit-3 Square Feet: 636
- Unit-4 Square Feet: 636
- Unit-5 Square Feet: 636
- Unit 1 Total Actual Rent: 1495
- Unit 2 Total Actual Rent: 1400
- Unit 3 Total Actual Rent: 1495
- Unit 4 Total Actual Rent: 1400
- Unit 5 Total Actual Rent: 1495
Other Property Info
- Annual Tax Amount: 5376
- Source Listing Status: ACTIVE UNDER CONTRACT
- County: Marion
- Cap Rate: 8.685
- Directions: From HWY-22/Mission St, Turn S onto Hines St SE, Right onto 16th St SE. Property is on the corner of 16th and Hines St.
- Source Property Type: Multi Family
- Home Warranty: No
- Area: 40 SOUTHEAST SALEM
- Source Neighborhood: Depot Addition
- Parcel Number: 571126
- Subdivision: Depot Addition
- Property Subtype: Multi- (5+)
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 3816
- Year Built: 1945
- Building Exterior Type: Exterior Color: White
- Living Area Source: Owner
- Property Age: 79
- Roof: Composition
Utilities
- Sewer: Sewer: City
- Water Source: City, Connected
