2451-2473 Trade St SE - Apartments FOR SALE


Salem, OR 97301- Northeast Neighbors
$1,700,000 USD
503-847-7990
2451-2473 Trade St SE, Salem, OR for Sale
$1,700,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

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


OVERVIEW

Complete rehab accomplished on this eleven-unit complex in 2022. The property is comprised of nine cottage style units as well as a dual level duplex with attached laundry room. To the stud remodel. Ready for a new owner to cash flow and increase rents over time. Perfect for 1031 Exchange. Renovations include the following: New roofs, windows, siding, electrical, plumbing, appliances, disposals, water heaters, counter tops and flooring. All units are separately metered for electricity. Common parking area repaved and restriped 2022. Coin operated laundry onsite. Cottages are separately metered for water. Excellent opportunity to acquire a stabilized asset. 100% Bonus Depreciation.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$172 USD /SF

# OF UNITS

11

PRICE/UNIT

$154,545

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

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

Brandon WhiteheadSMI Real EstateMore Info
503-847-7990

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Brandon WhiteheadSMI Real EstateMore Info
503-847-7990

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