3928-3934 Auburn Rd NE - Apartments FOR SALE


Salem, OR 97301- Northeast Salem
$599,000 USD
503-983-4405
3928-3934 Auburn Rd NE, Salem, OR for Sale
$599,000 USD
Apartments - FOR SALE
1/45
null | 5.84% Cap Rate

3928-3934 Auburn Rd NE
Salem, OR 97301
Northeast Salem


HIGHLIGHTS

  • 4 Plex opportunity for investors
  • Single level four plex on a large 9,583 sq ft lot
  • Close to shopping, bus line, and everyday conveniences
  • Includes assigned parking for two cars plus access to a shared laundry room
  • Strong rental history, and an unbeatable price

OVERVIEW

INVESTOR ALERT, an Incredible 4 Plex Opportunity! Rare chance to own a single level four plex on a large 9,583 sq ft lot tucked down a private lane. Close to shopping, bus line, and everyday conveniences. Each spacious 2 bedroom, 1 bath unit is approximately 980 sq ft and includes assigned parking for two cars plus access to a shared laundry room. Three units are currently rented at $1,195 per month, providing immediate income with room to grow. Solid bones, strong rental history, and an unbeatable price make this an ideal project for investors seeking cash flow and value add potential.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

4

PRICE/UNIT

$149,750

CAP RATE

5.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RM

APN/PARCEL ID

524012

ASK ABOUT THIS PROPERTY

Mark ShadrinBerkshire Hathaway Real Estate ProfessionalsMore Info
503-983-4405

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Mark ShadrinBerkshire Hathaway Real Estate ProfessionalsMore Info
503-983-4405

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