1247 8th St NW, Salem, OR 97304

Address is 805 - 875 Gerth Ave NW Salem Or. Zillow shows address Nextdoor. Great investment for out of state landlord, prop mgmt in place and rents stabilized with zero vacancy. Ideal 1031 upleg, will need 50% down owner carry preferred at 5% or obtain financing at record lows from bank. All offers reviewed 10/31. Must be in contract by 12/31. Side by side 4-plexes income total $85k with room for 10% increase scheduled March 2021 brings income to $93000 per year. Must purchase together, will credit cost of subdivision and repairs to $25k. 5.6 cap on exp and income (proj). Total 8 units 6200 s.f. $759k each; or both 4-plexes $1.35m. Please call for additional details. 503-863-O569 Lease option owner carry plex units apartments finance multi-unit cash flow landlord Oregon California Washington