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    1229 NW Eighth St

    Salem, OR 97304
    • $1,200,000
    • STATUS: Pending
    • ON SITE: 47 days
    • MLS #: 21527739
    Pending
    UPDATED: 36 min ago
    $1,200,000
    • 12
      BEDS
    • N/A
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 7,244
      SQFT
    • $166
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1994
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Well maintained Income producing 6plex 7244sf Located in W. Salem. Fully Occupied w/Stable long term tenants, rents current. rents shown in listing rents reflect rent increase notified and effective for June. new roof in 2017, 6 units 1200sq ft ea. 2 bed 1.5 bath. 9 carport spaces 1 ea +3 extra. units are cleaned and painted between tenants. Desirable large units with grass area in front in a neighborhood setting

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    Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Premiere Property Group LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-06-21T07:39:18.897.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Premiere Property Group LLC and should be independently verified.
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    1229 NW Eighth St Salem, OR 97304

    • Price: $1,200,000
    • Status: Pending
    • Updated: 36 min ago
    • MLS #: 21527739
    12
    Beds
    12
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,244
    SQFT
    $166
    $/SQFT
    1994
    Built
    Neighborhood:
    Kingwood Terraces
    County:
    Polk
    Area:
    169-Polk Co: West Salem S
    Elementary School:
    Harritt
    Middle School:
    Walker
    High School:
    West Salem
    Property Description
    Well maintained Income producing 6plex 7244sf Located in W. Salem. Fully Occupied w/Stable long term tenants, rents current. rents shown in listing rents reflect rent increase notified and effective for June. new roof in 2017, 6 units 1200sq ft ea. 2 bed 1.5 bath. 9 carport spaces 1 ea +3 extra. units are cleaned and painted between tenants. Desirable large units with grass area in front in a neighborhood setting
    Exterior Features

    Exterior Description Lap SidingVinyl Siding Lot Description Level Lot Size 10000 To 14999 Sqft Parking Features AssignedCarport View Territorial View YN Yes Water Description Public

    Interior Features

    Foundation Details Concrete Perimeter Heating Description Zoned Hot Water Description ElectricityTank Unit Features DishwasherDisposalRangeRefrigerator Unit Type1 Features DishwasherDisposalRangeRefrigerator Unit Type1 Sq Ft 1200 Unit Type2 Features DishwasherDisposalRangeRefrigerator Unit Type2 Sq Ft 1200 Unit Type3 Features DishwasherDisposalRangeRefrigerator Unit Type3 Sq Ft 1200 Unit Type4 Features DishwasherDisposalRangeRefrigerator Unit Type4 Sq Ft 1200 Unit Type5 Features DishwasherDisposalRangeRefrigerator Unit Type5 Sq Ft 1200 Unit Type6 Features DishwasherDisposalRangeRefrigerator Unit Type6 Sq Ft 1200

    Property Features

    Bank Owned YN No Capitalization Rate 5.93 Common Amenities Commons Country Us Fuel Description Electricity Gross Income Actual 55391 Gross Income Projected 63840 Gross Rent Multiplier 21.66 Net Income Actual 71220 Net Income Projected 79668 Occupancy Types LeasedMonth To Month Operating Expenses Actual 15828 Operating Expenses Projected 15828 Property Condition Existing Rent Includes Trash Collection Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Tax Amount 7190.85 Third Party Approval YN No Unit Type1 Rent 1145 Unit Type1 Units Total 1 Unit Type2 Rent 1195 Unit Type2 Units Total 1 Unit Type3 Rent 1085 Unit Type3 Units Total 1 Unit Type4 Rent 1085 Unit Type4 Units Total 1 Unit Type5 Rent 1135 Unit Type5 Units Total 1 Unit Type6 Rent 925 Unit Type6 Units Total 1 Zoning Rm

    Listing provided courtesy of Cheddar Realty Llc.


    Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Premiere Property Group LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-06-21T07:39:18.897.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Premiere Property Group LLC and should be independently verified.
     
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    Premiere Property Group LLC
    5000 Meadows Rd. Suite 150
    Lake Oswego OR, 97035