1915 Commercial St
$650,000
1915 Commercial St, Salem, OR 97302
3,242 sqft
Building Size
0.31 acres
Lot Area
Details:
Highlights:
- Tax Roll Number: 582673
- Views: City / Strip
- Roof: Composition Shingle
- Heating Type: Forced Air
- Heating Fuel Type: Other
Description:
Commercial St
Commercial - Salem, OR
Investor special! Are you ready for an incoming producing, high cap rate, low maintenance investment? Look no further. This specially modified, commercially zoned property is the perfect place for any investor who is looking to expand their portfolio. This property is currently tenant occupied as a group home. Utilizing a property tax exemption and tenant-paid utilities, the financials are impeccable, offering over a 6% cap rate and a cash flowing investment. With modifications specified for group home living including an office, seven bedrooms, two full bathrooms, two living rooms, and a formal dining space, this investment property is plug and play. The exterior features six parking spaces and a large backyard, complete with a Trex deck and playing areas for children. Complete with solar panels for reduced tenant utilities, and a convenient Commercial St location, this is the whole package. Contact your local real estate agent for property financial details. Do not disturb tenants!!!
Location
Gallery
