2005 Summer St SE - Apartments FOR SALE


Salem, OR 97302- South Central
$1,100,000 USD
541-990-7042
2005 Summer St SE, Salem, OR for Sale
$1,100,000 USD
Apartments - FOR SALE
1/7
null | 4.56% Cap Rate

2005 Summer St SE
Salem, OR 97302
South Central


OVERVIEW

Incredible investment opportunity! This 5-unit multi-family property features low taxes and minimal operating expenses. A 6th unit conversion is currently underway—permits in progress—offering added future rental income. Strong rental history and easy-to-maintain layout. Don’t miss the upside potential! Signicant remodel work has been on the interior of the apartments and to the exterior

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

5

PRICE/UNIT

$220,000

CAP RATE

4.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

RM2

APN/PARCEL ID

583729

ASK ABOUT THIS PROPERTY

Ash SidhuCadwell Realty Group Powered by The Jason MitchellMore Info
541-990-7042

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Ash SidhuCadwell Realty Group Powered by The Jason MitchellMore Info
541-990-7042

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