Low maintenance 8 unit property with average rents at $732. Cash flow at 6.8% with current rent and expenses. This is a turnkey investment with professional management in place for an easy transition. Great property for a smaller 1031 exchange. Gross Income through November is $62,244.
Off market
$1,002,400
2522 Simpson St SE, Salem, OR 97301
8beds
0baths
4,160sqft
MultiFamily
Built in ----
-- sqft lot
$1,002,400 Zestimate®
$241/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 0
Appliances
- Included: Microwave, Range / Oven, Refrigerator
- Laundry: Laundry Center
Interior area
- Total interior livable area: 4,160 sqft
Property
Lot
- Size: 0.30 Acres
Construction
Type & style
- Home type: MultiFamily
Utilities & green energy
- Sewer: City
Community & neighborhood
Location
- Region: Salem
Other
Other facts
- DINING: Area (Combination)
- LOT TYPE: Common Area
- SEWER: City
- SIDING: Wood
- SIDING STYLE: T111
- UNIT TYPES: Flat
- WATER: City
- WATER HEATER: Electric
- LANDSCAPE: Yes
- FLOORING: Carpet, Laminate
- ROOF: Shingle
- Type: Multi- (5+)
- FOUNDATION: Pier
- LAUNDRY: Laundry Center
- HEATING: Other (Refer to Remarks)
- DISHWASHER: Yes
- Street Designation: St
Services availability
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Sell for more than others on Zillow
Get a complimentary Zillow Showcase℠ listing and you could sell for .
$1,002,400
2% more+ $20,048
With Showcase(estimated)
$1,022,448