MLS# 24127777 – 1117 6th St, Salem, OR 97304 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Coldwell Banker Mountain West.

Property Description

Description

2 Units

Status: Active

Year Built: 1934

Days on Website: 8

Newly completely remodeled duplex on double lot! Front unit has 4 bedrooms (downstairs can be office) and two full baths plus laundry room with W/D hook ups. Back unit has 2 bedrooms and 2 full bathrooms plus laundry room with W/D hook ups. Ductless Heat/AC units in each room, Cadet heaters in each bathroom. Newer from the top down! Covered and secure breezeway between units.Great investment with 5.3% cap.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Built in 1934

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

HeatPump,MiniSplit

Expenses

Operating Expense Scheduled:

11085

Operating Expense:

$11,085

Exterior Features

Exterior Description:

CementSiding,LapSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Ductless,HeatPump,MiniSplit

Income

CAP Rate:

5.28

Gross Income:

$48,300

Gross Rent Multiplier:

14.6

Gross Scheduled Income:

$48,300

Net Operating Income:

$37,215

Net Scheduled Income:

37215

Listing

Contract Status Change Date:

2024-11-12

Days On Market:

Last Transaction Date:

2024-11-12 14:29:47

List Price:

$705,000

Listing Contract Date:

2024-11-12

Listing Id:

24127777

Mls Status:

Active

Modification Timestamp:

2024-11-12 14:29:47

On Market Date:

2024-11-12

Rent Includes:

MaintenanceGrounds,Sewer,Water

Standard Status:

Active

Location

MLS Area Major:

_169

County Or Parish:

Polk

Lot

Features:

Level

Size Acres:

0.18

Size Range:

SqFt7000to9999

Size Square Feet:

7,840

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

Leases

Parking

Features:

Driveway,Garage

Property

Number Of Units Total:

Property Condition:

Restored

Zoning:

Roof

Roof:

Composition

Schools

High School:

West Salem

Middle Or Junior School:

Walker

Elementary School:

Harritt

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$4,696

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$2,350

Area:

1851

Features:

AirConditioning,Deck,Disposal,WasherDryerHookup

Units Total:

2 total bathrooms

4 total bedroom

Unit Two

Actual Rent:

$1,675

Area:

1066

Features:

AirConditioning,Disposal,Range,WasherDryerHookup

Units Total:

2 total bathrooms

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable,DSL

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$705,000 -

1117 6th St Salem , OR 97304

MLS Area Major: _169

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 12:47PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.