Desirable location and long term tenants of 12, 17 & 20+ yrs. Twelve (1) Bedroom units with rents of $450 to $465. Twelve storage units fully rented for $40 each. Coin operated laundry. Additional land for more storage or future development. Individual private fenced yard. Cap rate above 8% and owner willing to carry a contract at 6%. Seller has an OR Property License. DO NOT DISTURB TENANTS.
Off market
$1,204,000
701 Lockwood Ln S, Salem, OR 97302
12beds
12baths
5,896sqft
MultiFamily
Built in 1950
-- sqft lot
$1,204,000 Zestimate®
$204/sqft
$1,312 Estimated rent
Owner options
What's special
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$1,204,000
2% more+$24,080
With Zillow Showcase(estimated)$1,228,080