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Listed by TIMOTHY KAELIN • COLDWELL BANKER PROFESSIONAL GROUP • 541-285-6080

$ 650,000

Est. payment -/mo

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Active

1915 Commercial St SE SE Salem, OR 97302

3,242 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

Square Footage 3,242 sqft

Price per Sqft $200

MLS Listing ID 828272

Year Built 1976

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Special Purpose

Property Description

Investor special! Are you ready for an income 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.

Location

State OR

County Marion

Area 40 Southeast Salem

Interior

Heating Forced Air, Heat Pump

Exterior

Garage Spaces 6.0

Fence Yes

Roof Type Composition

Building

Sewer City

Water City

New Construction No

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

James Hauge

Principal Broker | License ID: 200107093

+1(503) 877-2101

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