1229 NW EIGHTH ST, Salem, OR 97304

$1,200,000
List Price
$1,200,000
Days on Market
4
MLS#
21527739
Property Type
Multifamily
Lot Size
10, 000 to 14, 999 SqFt
Region
Polk Co: West Salem S
City
Salem
Status
Active

Property Description

Well maintained Income producing 6plex 7244sf Located in W. Salem. Fully Occupied w/Stable long term tenants, rents current. rents shown in listing rents reflect rent increase notified and effective for June. new roof in 2017, 6 units 1200sq ft ea. 2 bed 1.5 bath. 9 carport spaces 1 ea +3 extra. units are cleaned and painted between tenants. Desirable large units with grass area in front in a neighborhood setting

Additional Information

Tax Amount
$7,190
Year Built
1994
High School
West Salem
Elementary School
Harritt
Middle School
Walker
Stories
2
Subdivision
Kingwood Terraces
Terms
Cash, Conventional, FHA
Fuel Description
Electricity
Heating Description
Zoned
Hot Water Description
Electricity, Tank
Exterior Description
Lap Siding, Vinyl Siding
Sewer Description
Public Sewer
Water Description
Public
View
Territorial
Sq Ft Approximate Building Total
7244
Capitalization Rate
5.93
Operating Expenses Actual
15828
Gross Income Actual
55391
Gross Rent Multiplier
21.66
Net Income Actual
71220
Occupancy Types
Leased, Month To Month
Road Surface
Paved
Number Of Units Total
6
Unit Type One Baths Total
2
Unit Type One Beds Total
2
Unit Type One Rent
1145
Unit Type One Sq Ft
1200
Unit Type One Units Total
1
Unit Type Two Baths Total
2
Unit Type Two Beds Total
2
Unit Type Two Rent
1195
Unit Type Two Sq Ft
1200
Unit Type Two Units Total
1
Unit Type Three Baths Total
2
Unit Type Three Beds Total
2
Unit Type Three Rent
1085
Unit Type Three Sq Ft
1200
Unit Type Three Units Total
1
Unit Type Four Baths Total
2
Unit Type Four Beds Total
2
Unit Type Four Rent
1085
Unit Type Four Sq Ft
1200
Unit Type Four Units Total
1
Unit Type Five Baths Total
2
Unit Type Five Beds Total
2
Unit Type Five Rent
1135
Unit Type Five Sq Ft
1200
Unit Type Five Units Total
1

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Cheddar Realty LLC.

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