Description
Master Tenant leases all four renovated units and pays 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 being consolidated, making the structure conforming. Final recording of approved plat expected by 1/1/25. 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. Some units may be available to show upon turnover of short term rentals.
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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 pays 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 being consolidated, making the structure conforming. Final recording of approved plat expected by 1/1/25. 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. Some units may be available to show upon turnover of short term rentals.
© 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2024-12-13T00:09:11.083.