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2451-2473 Trade St SE 11 Unit Apartment Building $2,326,943 CAD ($211,540 CAD/Unit) Salem, OR 97301
Executive Summary
Complete rehab accomplished on this eleven-unit complex in 2022. The property is comprised of nine cottage style units as well as a dual level duplex with attached laundry room. To the stud remodel. Ready for a new owner to cash flow and increase rents over time. Perfect for 1031 Exchange.
Renovations include the following: New roofs, windows, siding, electrical, plumbing, appliances, disposals, water heaters, counter tops and flooring. All units are separately metered for electricity. Common parking area repaved and restriped 2022. Coin operated laundry onsite. Cottages are separately metered for water.
Excellent opportunity to acquire a stabilized asset. 100% Bonus Depreciation.
Renovations include the following: New roofs, windows, siding, electrical, plumbing, appliances, disposals, water heaters, counter tops and flooring. All units are separately metered for electricity. Common parking area repaved and restriped 2022. Coin operated laundry onsite. Cottages are separately metered for water.
Excellent opportunity to acquire a stabilized asset. 100% Bonus Depreciation.
Property Facts
| Price | $2,326,943 CAD | Building Class | C |
| Price Per Unit | $211,540 CAD | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 4,452 SF |
| No. Units | 11 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1949 |
| Apartment Style | Low-Rise | Parking Ratio | 1.8/1,000 SF |
| Zoning | RM2 | ||
| Price | $2,326,943 CAD |
| Price Per Unit | $211,540 CAD |
| Sale Type | Investment |
| 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 | 1949 |
| 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 | - | 320 - 360 |
| 2+1 | 1 | - | 558 |
| 3+2 | 1 | - | 882 |
1 1
Bike Score®
Very Bikeable (81)
Property Taxes
| Parcel Number | 590254 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $466,402 CAD |
Property Taxes
Parcel Number
590254
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$466,402 CAD
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2451-2473 Trade St SE
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