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925 14th St NE 6 Unit Apartment Building $750,000 ($125,000/Unit) Salem, OR 97301
EXECUTIVE SUMMARY
Centrally located 6 plex. (5) 1/1 bath units. The 6th unit is (1) 2/1 with washer/dryer hook-up and is currently unrentable. Materials on hand to complete reno. Investment opportunity with /room for rent upside with additional TLC. Cash/Hard money only. Great central location close to schools, shopping, State Offices, and downtown Salem. Long-term tenants. Please do not disturb residents.
PROPERTY FACTS
| Price | $750,000 | Lot Size | 0.30 AC |
| Price Per Unit | $125,000 | Building Size | 4,630 SF |
| Sale Type | Investment | Average Occupancy | 90% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Building Class | C | ||
| Zoning | RM2 - Zoned RM-II, for a max of 8 units (28 units per acre). | ||
| Price | $750,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 4,630 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | RM2 - Zoned RM-II, for a max of 8 units (28 units per acre). |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $650.00 | 1 |
| 1+1 | 1 | $1,320 | 1 |
| 1+1 | 1 | $1,300 | 1 |
| 1+1 | 1 | $1,320 | 1 |
| 1+1 | 1 | $1,000 | 1 |
| 2+1 | 1 | - | 1 |
1 1
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 526808 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $180,330 |
PROPERTY TAXES
Parcel Number
526808
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$180,330
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925 14th St NE
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