425 Madrona 427 Ave S, Salem, OR 97302

Listing Courtesy of WINDERMERE WILLAMETTE VLY/ALBANY. Cell: 281-701-6689 Selling Office: REALTY ONE GROUP WILLAMETTE VALLEY STAYTON.

$450,000
4
BD
2
BA
1,728
SqFt
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Sold Price
$450,000
List Price
$439,000
Closing Date
Mar 14, 2024
MLS#
813175
Status
CLOSED
Type
Multifamily
Subtype
Duplex
City
Salem
Area
50 South Salem
County
Marion
Bedrooms
4
Bathrooms
2
Year Built
1977
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(503) 838-1912

Property Description

Excellent investment property with strong occupancy record and CAP rate. Great neighborhood and location in south Salem, convenient access to Commercial St. or Liberty Rd and I-5. Very clean and well maintained. Each single-level unit has spacious fully fenced yard, off-street parking w/attached garage. Possible low down FHA/VA financing w/owner occupancy of vacant unit supplemented by a great rental rate and revenue from long-term tenant in second unit. High tenant demand in queue for the next investor.

(503) 838-1912
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Additional Information

Water
Public
Heating
Electric, Forced Air
Flooring
Carpet, Vinyl
Sewer
Public Sewer
View
Territorial
Roof
Composition
Elementary School
Salem Heights
Middle School
Crossler
High School
Sprague
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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.