1915 COMMERCIAL ST Active Save Request In-Person Tour Request Virtual Tour
Salem,OR 97302
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,242 sqft
Price per Sqft $200
MLS Listing ID 734018806
Style Stories1, Custom Style
Bedrooms 7
Full Baths 2
Year Built 1976
Tax Year 2024
Lot Size 0.310 Acres
Property Sub-Type Single Family Residence
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
Rooms
Basement Crawl Space
Interior
Interior Features Ceiling Fan, High Ceilings, Laminate Flooring, Laundry, Wallto Wall Carpet
Heating Forced Air
Cooling Heat Pump
Appliance Builtin Oven, Cooktop, Dishwasher, Free Standing Refrigerator, Pantry, Range Hood
Exterior
Exterior Feature Deck
Roof Type Composition
Garage No
Building
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Mckinley
Middle Schools Leslie
High Schools South Salem
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional