Listing courtesy of CORE, Realtors.
Seller Financing: 10% down; 4% I/O for 7 years. 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. With a cash offer, Seller will do a 1031 Exchange. Coin-op laundry provides extra income.Annual gross income $64,920. Annual Expenses $15,432 (23% of AG) 5.2 CAP. Access to property only with an accepted offer.
Seller Financing: 10% down; 4% I/O for 7 years. 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. With a cash offer, Seller will do a 1031 Exchange. Coin-op laundry provides extra income.Annual gross income $64,920. Annual Expenses $15,432 (23% of AG) 5.2 CAP. Access to property only with an accepted offer.
Multifamily
--
1930
2
--
0.08
Active
69
4,800 Sq. Ft.
3,484 Sq. Ft.
Location
- No
- WallHeater
Ellen Bick
CORE, Realtors
Marion
695518904
CloseOfEscrow
This content last updated on 05/20/2025 12:44 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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This content last updated on 05/20/2025 12:44 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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