4-Plex Multifamily Investment

190 14th St SE, Salem, OR

$310,000

Price

5.67%

Cap Rate

$18,129.01

NOI

Overview
Cap Rate
5.67%
NOI
$18,129.01
Building Size
2,149 sqft
Lot Area
0.1056 acres
Occupancy
100%
Units
4
Year Built
1916
Floors
2
Description

Occupying a valuable corner lot close in to Salem Central 190 14th St SE is an excellent 4-Plex Multifamily Investment offering. 190 14th 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 the 1990's. Current owner has 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 Ferry.

Quiet, clean and well kept corner lot

Highlights
  • 4 Unit Multi Family Investment
  • 2149 SF
  • 6.23% Actual Cap Rate
  • Great Upside Potential in Rents
  • Four 1-Bed 1-Bath
  • 100% Occupied
  • Centrally Located in the Heart of Downtown Salem
  • Great Location
  • Pride of Ownership
  • Many Upgrades to Apartments/Bathrooms
  • Quiet Neighborhood
Documents

Location
Gallery