Rare Fourplex Investment Opportunity in Salem! This villa-style multifamily complex features two 2/1 units and two 3/1 units for a total of 10 beds across all 4 units. Complex is currently fully-rented at market rate with 7.71% CAP on actuals, and 8.61% pro-forma based on 10% increase in global rents. Separate 4-car garage offers covered parking/storage. Tucked in between Lancaster and I5 for easy commuting.
Sold
Listed by:
ALEX MCCARTHY 541-514-1779,
John L. Scott-Salem
$725,000
3660 State St, Salem, OR 97301
10beds
4baths
3,988sqft
Quadruplex
Built in 1977
-- sqft lot
$740,500 Zestimate®
$182/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: June 11, 2024 at 09:13pm
Listed by:
ALEX MCCARTHY 541-514-1779,
John L. Scott-Salem
Bought with:
TREVOR HOWARD
Smi Real Estate
Source: WVMLS,MLS#: 813345
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
Features
- Has fireplace: No
Interior area
- Total structure area: 3,988
- Total interior livable area: 3,988 sqft
Property
Parking
- Parking features: Garage/1
Features
- Exterior features: Green
Lot
- Size: 0.32 Acres
Details
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1977
Community & neighborhood
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 5560
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Services availability
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$740,500
2% more+ $14,810
With Zillow Showcase(estimated)
$755,310