3654 47TH Ave

    Salem, OR 97305
    • $1,285,000
    • STATUS: Active
    • ON SITE: 37 days
    • MLS #: 19480616
    Price Reduced
    $1,285,000
    • 10
      BEDS
    • N/A
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 10,800
      SQFT
    • $119
      $/SQFT
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    12 unit apartment community in Salem. Pitched roof, common laundry rooms, all 2 bedroom units. Current rents range from $775 to $925. Property has newer vinyl windows and Hardi siding, new exterior paint and new asphalt parking lot. Co-Listing Agent has partial ownership interest.

    Monthly Payment Calculator

    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 Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-11-13T21:59:04.017.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 Next Home Realty Connection and should be independently verified.
    www.nexthomepdx.com/homes/99663270

    3654 47TH Ave Salem, OR 97305

    • Price: $1,285,000
    • Status: Active
    • MLS #: 19480616
    10
    Beds
    5
    Baths
    0
    ½ Baths
    N/A
    Acres
    10,800
    SQFT
    $119
    $/SQFT
    1979
    Built
    Neighborhood:
    176-Marion Co: East Salem N
    County:
    Marion
    Area:
    176-Marion Co: East Salem N
    Property Description
    12 unit apartment community in Salem. Pitched roof, common laundry rooms, all 2 bedroom units. Current rents range from $775 to $925. Property has newer vinyl windows and Hardi siding, new exterior paint and new asphalt parking lot. Co-Listing Agent has partial ownership interest.
    Exterior Features

    Exterior Description T-111 SidingCement Siding Garage Or Parking Spaces 24 Lot Description Level Lot Size 20000 Sqft To .99 Acres Parking Description Open Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Foundation Crawl Space Heating Description Baseboard Unit Features RangeRefrigerator Unit Type1 Features RangeRefrigerator Unit Type1 Sq Ft 900 Unit Type2 Features RangeRefrigerator Unit Type2 Sq Ft 900 Unit Type3 Features RangeRefrigerator Unit Type3 Sq Ft 900 Unit Type4 Features RangeRefrigerator Unit Type4 Sq Ft 860 Unit Type5 Features RangeRefrigerator Unit Type5 Sq Ft 860

    Property Features

    Bank Owned YN No Capitalization Rate 5.08 Common Amenities Laundry Country Us Fuel Description Electricity Gross Income Actual 122020 Gross Income Projected 135758 Gross Rent Multiplier 10.53 Net Income Actual 68620 Net Income Projected 83793 Occupancy Types LeasedMonth To Month Operating Expenses Actual 53400 Operating Expenses Projected 45665 Seller Disclosure Exempt Sewer Description Public Sewer Short Sale YN No Tax Amount 11341.14 Third Party Approval YN No Unit Type1 Rent 925 Unit Type1 Units Total 1 Unit Type2 Rent 895 Unit Type2 Units Total 1 Unit Type3 Rent 875 Unit Type3 Units Total 2 Unit Type4 Rent 850 Unit Type4 Units Total 3 Unit Type5 Rent 795 Unit Type5 Units Total 3 Utilities Included Trash CollectionSewerWater Zoning Multi

    Listing provided courtesy of Ga Cooke Real Estate Services.
    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 Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-11-13T21:59:04.017.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 Next Home Realty Connection and should be independently verified.
     
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