PROPERTY 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.

PROPERTY HIGHLIGHTS
Top to bottom rehab. Nine separate cottage style units and dual level duplex. Ample off and on street tenant parking. Resurfaced parking area. Property is fully occupied.

LOCATION OVERVIEW
This property is in the Central Submarket of Salem. It is within 5 minutes of the 1-5 corridor, one mile from downtown Salem and 50 minutes south of downtown Portland. The Central Submarket has seen an impressive rent growth. Central is a liquid submarket and a regular target for apartment investors. The submarket has attracted seasoned and new investors alike. This unique property provides individual cottages for those tenants who wish to have their own domicile. Onsite laundry available. As well as onsite parking.