2451-2473 Trade St SE - Apartments FOR SALE


Salem, OR 97301- Northeast Neighbors
$1,800,000 USD
503-559-8513
2451-2473 Trade St SE, Salem, OR for Sale
$1,800,000 USD
Apartments - FOR SALE
1/12
null | 5.84% Cap Rate

2451-2473 Trade St SE
Salem, OR 97301
Northeast Neighbors


HIGHLIGHTS

  • 11 Units Full Rehab 2022
  • Central Location--100% Occupied
  • Perfect for 1031 Exchange--2025 Bonus Depreciation

OVERVIEW

Perfect property for 1031 Exchange. Fully renovated in 2022. New roofs, windows, siding, electrical, plumbing, appliances, disposals, water heaters, counter tops and flooring. Duplex plus 9 cottages. Onsite parking and laundry. Central location. Cottages provide tenants with independent living opportunity. Fully occupied. Be sure to capture 100% Bonus Depreciation for 2025.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$404 USD /SF

# OF UNITS

11

PRICE/UNIT

$163,636

CAP RATE

5.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

RM2

APN/PARCEL ID

590254

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 Notice.