Description
Master Tenant leases all four renovated units and has just assumed sewer/water, and common area electric. 6.5 CAP! Older architecturally beautiful home converted to apartments many years ago. Near Salem Hospital, Willamette University, Capitol buildings, downtown. Over $50,000 in recent upgrades. Property consists of two legal parcels now being consolidated, making the structure conforming. Expected completion date of August 1. 500-year flood plain. County build date of 1956 is not guaranteed by Seller. Building looks closer to early 1900's. Laundry is available to all tenants, costs absorbed by Master tenant. Professionally managed, but easy to manage for savvy investor. Shown with accepted offer.
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3BEDS
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0.17ACRES
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4BATHS
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01/2 BATHS
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2,149SQFT
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$270$/SQFT
School Information
Description
Master Tenant leases all four renovated units and has just assumed sewer/water, and common area electric. 6.5 CAP! Older architecturally beautiful home converted to apartments many years ago. Near Salem Hospital, Willamette University, Capitol buildings, downtown. Over $50,000 in recent upgrades. Property consists of two legal parcels now being consolidated, making the structure conforming. Expected completion date of August 1. 500-year flood plain. County build date of 1956 is not guaranteed by Seller. Building looks closer to early 1900's. Laundry is available to all tenants, costs absorbed by Master tenant. Professionally managed, but easy to manage for savvy investor. Shown with accepted offer.
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