4-Plex Multifamily Investment

190 14th St SE Salem, OR 97301

190 14th St SE, Salem, OR, 97301
190 14th St SE, Salem, OR, 97301
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$310,000
Last Verified:
Aug 03, 2019

Highlights

  • 4 Unit Multi Family Investment
  • 2149 SF
  • 6.23% Actual Cap Rate
  • Great Upside Potential in Rents
  • Four 1-Bed 1-Bath
  • 100% Occupied
  • Centrally Located in the Heart of Downtown Salem
  • Great Location
  • Pride of Ownership
  • Many Upgrades to Apartments/Bathrooms
  • Quiet Neighborhood

Description

Occupying a valuable corner lot close in to Salem Central 190 14th St SE is an excellent 4-Plex Multifamily Investment offering. 190 14th 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 the 1990's. Current owner has 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 Ferry.


Year Built: 1916
Building Size: 2149.0sq ft
Lot Size: 0.11 acres

Map of 190 14th St SE, Salem, OR, 97301

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.