1915 COMMERCIAL ST SE new Save Request In-Person Tour Request Virtual Tour
Salem,OR 97302
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,242 sqft
Price per Sqft $200
MLS Listing ID 111044721
Year Built 1976
Lot Size 0.310 Acres
Property Sub-Type Commercial
Property Description
Investor special! Are you ready for an incoming producing, high cap rate, low maintenance investment? Look no further. This specially modified, commercially zoned property is the perfect place for any investor who is looking to expand their portfolio. This property is currently tenant occupied as a group home. Utilizing a property tax exemption and tenant-paid utilities, the financials are impeccable, offering over a 6% cap rate and a cash flowing investment. With modifications specified for group home living including an office, seven bedrooms, two full bathrooms, two living rooms, and a formal dining space, this investment property is plug and play. The exterior features six parking spaces and a large backyard, complete with a Trex deck and playing areas for children. Complete with solar panels for reduced tenant utilities, and a convenient Commercial St location, this is the whole package. Contact your local real estate agent for property financial details. Do not disturb tenants!!!
Location
State OR
County Marion
Area _173
Zoning CO
Interior
Heating Forced Air
Cooling Heat Pump
Equipment Fixtures,SecuritySystem,SmokeDetector
Exterior
View City
Roof Type Composition
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional