1348 12th St - Apartments FOR SALE


Salem, OR 97302- Southeast Salem
$1,739,000 USD
503-559-8513
1348 12th St, Salem, OR for Sale
$1,739,000 USD
Apartments - FOR SALE
1/22
null | 6% Cap Rate

1348 12th St
Salem, OR 97302
Southeast Salem


OVERVIEW

This 10-unit complex was completely renovated in 2017. 100% occupied & attaining solid rents on a good unit mix. In place property management. Assumable financing for a qualified purchaser. Fixed rate at 4.030%. Loan matures in 2032. Two minutes from Willamette University and just five minutes from Salem Center Mall and Salem's vibrant down-town district. Property Renovations include: • New 30-year roof & new gutters installed • All new double pane energy efficient windows & blinds installed • All new siding installed • All new insulation, drywall and paint • All new energy efficient appliances installed • All new efficiency faucets and toilets installed • All new fixtures installed • All new doors & locks installed • All new cabinetry & counter tops installed • All new vinyl and carpet flooring installed • All new tubs and bathroom sinks installed • All new plumbing installed • All new electrical installed • Property is located in an Opportunity Zone • Community courtyard & open space • 10 onsite parking spaces and street side parking • Coin operated laundry facilities

FOR SALE DETAILS

PRICE

$1,739,000 USD

PRICE/SF

$315 USD /SF

# OF UNITS

10

PRICE/UNIT

$173,900

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

CG

APN/PARCEL ID

596846

ASK ABOUT THIS PROPERTY

Anita RisbergOmnivest LLC, Commercial Real EstateMore Info
503-559-8513

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Anita RisbergOmnivest LLC, Commercial Real EstateMore Info
503-559-8513

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.