Bought with Cadwell Realty Group
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4330 WARD PL Salem, OR 97305
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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,048 sqft
Price per Sqft $154
MLS Listing ID 20449370
Sold Date 01/29/21
Year Built 1997
Annual Tax Amount $5,974
Tax Year 2019
Property Description
Fully rented 8 Plex with 7 3/1.5 units & 1 2/1.5 unit on .42 acres. 7 units rented at $1,095 & 1 unit rented at $1400. Gross scheduled income = $108,780 | Net Operating Income = $85,972 | 6.1% Cap Rate. Property next door is for sale for $200k at 3892 Ward Pl. which is zoned for 6plex. Actual & Projected financials available. Please do not disturb tenants
Location
State OR
County Marion
Area _176
Zoning RM
Rooms
Basement Crawl Space
Interior
Heating Zoned
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level, On Busline
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Yoshikai
Middle Schools Stephens
High Schools Mckay
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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