4-Plex Multifamily Investment

1920 Bellevue St SE Salem, OR 97301

1920 Bellevue St SE, Salem, OR, 97301
1920 Bellevue St SE, Salem, OR, 97301
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$350,000
Last Verified:
Aug 03, 2019

Highlights

  • 4 Unit Multi Family Investment
  • 2464 SF
  • Upside in Rent Potential
  • 6.36% Actual Cap Rate
  • Three 1-Bed 1-Bath
  • One 2-Bed 1-Bath
  • 100% Occupied
  • Centrally Located in the Heart of Downtown Salem
  • Great Location
  • Pride of Ownership
  • Fully Renovated in 2001
  • Many Upgrades to Apartments/Bathrooms
  • Updated Carpets and Fresh Paint
  • Quiet Neighborhood
  • Corner Lot

Description

Occupying a valuable corner lot close in to Salem Central 1920 Bellevue St SE is an excellent 4-Plex Multifamily Investment offering. 1920 Bellevue St SE is currently 100% occupied and conveniently located near Salem Hospital, McCulloch Stadium, Willamette University and the heart of Salem's culture, food, and entertainment. Fully renovated in 2001 and current owner has additionally updated carpets and applied fresh coats of paint where needed. Room mix is Four 1-Bed 1-Bath. Rent Roll and Financials available upon request. Showing instructions are to contact Listing Broker and please do not disturb tenants.

Close in to Willamette University, Willamette Heritage Center and Downtown Salem. Quiet corner lot on 19th St SE and Bellevue St SE.


Year Built: 1920
Building Size: 2464.0sq ft
Lot Size: 0.15 acres

Map of 1920 Bellevue St SE, Salem, OR, 97301

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