PROPERTY OVERVIEW

This 10-unit complex was completely renovated in 2017. 100% occupied & attaining solid rents on a good unit mix. In place property management. Assumable financing for a qualified purchaser. Fixed rate at 4.030%. Loan matures in 2032. Two minutes from Willamette University and just five minutes from Salem Center Mall and Salem’s vibrant down-town district.

PROPERTY HIGHLIGHTS
• New 30-year roof & new gutters installed
• All new double pane energy efficient windows & blinds installed
• All new siding installed
• All new insulation, drywall and paint
• All new energy efficient appliances installed
• All new efficiency faucets and toilets installed
• All new fixtures installed
• All new doors & locks installed
• All new cabinetry & counter tops installed
• All new vinyl and carpet flooring installed
• All new tubs and bathroom sinks installed
• All new plumbing installed
• All new electrical installed
• Property is located in an Opportunity Zone
• Community courtyard & open space
• 10 onsite parking spaces and street side parking
• Coin operated laundry facilities

PROPERTY SUMMARY
Sale Price: $1,650,000
Number Of Units 10
Cap Rate: 6.55%
GRM: 10.18
Lot Size: .326 Acres
Building Size: 7,586 SF
APN: R96846
Zoning: CG
Year Built: 1945
Year Renovated: 2017