Excellent solid investment 6-plex in the heart of Salem. Central location. 6 units all rented on month to month. No deferred maintenance. Newer electrical, plumbing, water lines, and appliances. Roof in excellent condition. Units have ceiling fans, hardwood floors. Some units recently remodeled. The property was awarded Most Improved Property of the year in the Salem area. Seller will also offer to carry financing, with 20-25% down, at 4% interest only for 5 years. With a cash offer, Seller will do a 1031 Exchange. Coin-op laundry provides extra income.Annual gross income $67,920. Annual Expenses $15,432 (23% of AG) 4.8 CAP. Access to property only with an accepted offer.
Type | School name | District name |
---|---|---|
High | North Salem | Not available |
Elementary | Grant | Not available |
Middle | Parrish | Not available |
Juniorhigh | Parrish | Not available |
Email enquiry to CORE, Realtors
Property ID: 110097882165