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2451-2473 Trade St SE 11 Unit Apartment Building $2,373,064 CAD ($215,733 CAD/Unit) 6.25% Cap Rate Salem, OR 97301
INVESTMENT HIGHLIGHTS
- PRICE REDUCED--SELLER SAYS BRING ALL OFFERS
- Perfect for 1031 Exchange--100% Bonus Depreciation
- Central Location--100% Occupied
- Duplex & 9 Cottages full rehab 2022
EXECUTIVE SUMMARY
PRICE REDUCED. SELLER SAYS BRING ALL OFFERS. Perfect property for 1031 Exchange. Fully renovated in 2022.
New roofs, windows, siding, electrical, plumbing, appliances, disposals, water heaters, counter tops and flooring.
Duplex plus 9 cottages. Onsite parking and laundry. Central location. Cottages provide tenants with independent living opportunity. Fully occupied.
Be sure to capture 100% Bonus Depreciation.
New roofs, windows, siding, electrical, plumbing, appliances, disposals, water heaters, counter tops and flooring.
Duplex plus 9 cottages. Onsite parking and laundry. Central location. Cottages provide tenants with independent living opportunity. Fully occupied.
Be sure to capture 100% Bonus Depreciation.
PROPERTY FACTS
| Price | $2,373,064 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $215,733 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Cap Rate | 6.25% | Building Size | 4,452 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1949/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
| Zoning | RM2 | ||
| Price | $2,373,064 CAD |
| Price Per Unit | $215,733 CAD |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Sale Condition | 1031 Exchange |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 4,452 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1949/2022 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | RM2 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | $1,519 CAD | 320 - 360 |
| 2+1 | 1 | $1,616 CAD | 558 |
| 3+2 | 1 | $2,582 CAD | 882 |
1 1
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 590254 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $477,050 CAD |
PROPERTY TAXES
Parcel Number
590254
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$477,050 CAD
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2451-2473 Trade St SE
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