Bought with Legacy Real Estate
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797 25TH ST SE Salem, OR 97301
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Key Details
Sold Price $355,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,014 sqft
Price per Sqft $117
MLS Listing ID 19512600
Sold Date 09/11/19
Year Built 1926
Annual Tax Amount $3,172
Tax Year 2018
Property Description
Great investment property!! Large 4-plex with paved off-street parking, extra storage shed and good rental history. Three units located in main building, with one detached unit at back of lot. Central location near downtown and public transportation. Owner pays water/sewer and garbage bill. Currently performing with great return and proforma using increased and reasonable market rents shows a 7.5% Cap. Great investment opportunity.
Location
State OR
County Marion
Area _174
Zoning RM2
Interior
Heating Forced Air
Exterior
Garage Spaces 4.0
View Y/N false
Roof Type Shingle
Garage No
Building
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Richmond
Middle Schools Leslie
High Schools South Salem
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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