MLS# 24048258 – 546 48th Ct Se, Salem, OR 97317 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of eXp Realty LLC.

Property Description

Description

2 Units

Status: Pending

Year Built: 1971

Days on Website: 110

Incredible duplex on a quiet street in a GREAT area. One unit has recently vacated making this the perfect situation for an owner occupant. You can live on one side and pay a substantial amount of your mortgage with rent from the other unit. This property features a carport for each unit, dedicated storage, a private backyard for each unit, open floor plan, spacious bedrooms and more.

Property Details and Features

Property Access

Road Surface Type:

Concrete

Building

Building Area Total:

1770

Built in 1971

Storage:

Attached

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling:

None

Expenses

Operating Expense:

$16,060

Exterior Features

Exterior Description:

Other

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

6.55

Gross Income:

$33,060

Gross Rent Multiplier:

12.48

Net Operating Income:

$27,000

Listing

Contract Status Change Date:

2024-09-06

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-09-09 06:33:39

List Price:

$412,500

Listing Contract Date:

2024-08-05

Listing Id:

24048258

Mls Status:

Pending

Modification Timestamp:

2024-09-09 06:33:39

Off Market Date:

2024-09-06

On Market Date:

2024-08-05

Purchase Contract Date:

2024-09-06

Rent Includes:

Sewer,Water

Standard Status:

Pending

Location

MLS Area Major:

_175

County Or Parish:

Marion

Lot

Features:

Level

Size Acres:

0.21

Size Range:

SqFt7000to9999

Size Square Feet:

9,147

Size:

7,000 to 9,999 SqFt

Parking

Features:

Carport

2 total parking spots

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

Roof

Roof:

Composition

Schools

High School:

South Salem

Middle Or Junior School:

Houck

Elementary School:

Eyre

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,856

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,495

Area:

885

Features:

Dishwasher,Disposal,Refrigerator,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,260

Area:

885

Features:

Dishwasher,Disposal,Refrigerator,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$412,500 -

546 48th Ct Se Salem , OR 97317

MLS Area Major: _175

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.