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1348 12th St 10 Unit Apartment Building $1,650,000 ($165,000/Unit) Salem, OR 97302
Executive Summary
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. Please do not disturb the residents
Property Facts
| Price | $1,650,000 | Building Class | C |
| Price Per Unit | $165,000 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 5,528 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1945/2017 |
| Property Subtype | Apartment | Parking Ratio | 1.81/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | CG | ||
| Price | $1,650,000 |
| Price Per Unit | $165,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 5,528 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1945/2017 |
| Parking Ratio | 1.81/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CG |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
- Lawn
- Porch
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 342 - 455 |
| 2+1 | 2 | - | 462 - 490 |
| 3+1 | 1 | - | 1,328 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 596846 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $383,920 |
Property Taxes
Parcel Number
596846
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$383,920
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1348 12th St
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