4-Plex Multifamily Investment

1920 Bellevue St SE, Salem, OR

$350,000

Price

5.85%

Cap Rate

$21,346.47

NOI

Overview
Cap Rate
5.85%
NOI
$21,346.47
Building Size
2,464 sqft
Lot Area
0.1488 acres
Occupancy
100%
Units
4
Year Built
1920
Floors
2
Description

Occupying a valuable corner lot close in to Salem Central 1920 Bellevue St SE is an excellent 4-Plex Multifamily Investment offering. 1920 Bellevue St SE is currently 100% occupied and conveniently located near Salem Hospital, McCulloch Stadium, Willamette University and the heart of Salem's culture, food, and entertainment. Fully renovated in 2001 and current owner has additionally updated carpets and applied fresh coats of paint where needed. Room mix is Four 1-Bed 1-Bath. Rent Roll and Financials available upon request. Showing instructions are to contact Listing Broker and please do not disturb tenants.

Close in to Willamette University, Willamette Heritage Center and Downtown Salem. Quiet corner lot on 19th St SE and Bellevue St SE.

Highlights
  • 4 Unit Multi Family Investment
  • 2464 SF
  • Upside in Rent Potential
  • 6.36% Actual Cap Rate
  • Three 1-Bed 1-Bath
  • One 2-Bed 1-Bath
  • 100% Occupied
  • Centrally Located in the Heart of Downtown Salem
  • Great Location
  • Pride of Ownership
  • Fully Renovated in 2001
  • Many Upgrades to Apartments/Bathrooms
  • Updated Carpets and Fresh Paint
  • Quiet Neighborhood
  • Corner Lot
Documents

Location
Gallery