Salem 12 Plex
3654-3664 47th Ave NE
Salem, OR 97023
Available
PRICE
$1,285,000
UNITS
12
BUILDING SIZE
10,800 SQ FT
PRICE/UNIT
$107,083
TYPE
Multifamily
CAP RATE
6.52%
Highlights
Newly Painted
Fresh New Exterior Look
Efficient Upgrades
High Efficiency Vinyl Windows
Onsite Laundry
Two Laundry Rooms
Updated Interiors
Select Units with Upgraded Laminate or LVP flooring
DESCRIPTION
Built in 1979, the Salem 12 Plex is located in the Northeast quadrant of Salem. The property is comprised of four two-bedroom/one-bathroom units with 900 sq ft and eight two-bedroom/one-bath units with 800 square feet. The property offers two onsite laundry rooms and plentiful off street parking. Select units feature updated engineered wood flooring and bonus room.
The Salem 12 Plex is made up of two buildings each with two stories, wood frame construction and pitched composition roofs.
*Listing Broker is Partial Owner of Property
FINANCIAL SUMMARY
- Pro Forma NOI $83,793
- Pro Forma Cap Rate 6.52%
CONTACT LISTING BROKER:
Grayson Pounder | 503.680.4638 | Grayson@PounderRealty.com
Location