4092ft² - 6 Unit Apartments - Well Maintained - 3 Blocks From Willamette U

This 6 unit building property is situated on a tree-lined street only three blocks from Willamette University in the central area of Salem, Oregon. The building has a mix of one and two bedrooms units and has ample storage in the basement. The property has many long-term tenants and has been well maintained.This is a wonderful opportunity to acquire a well-run property for $35,000 per unit and receive at least 12% cash on cash return.Address: 365 16th Street SESalem, Oregon 97301Price: $210,000Units: six sq. feet: 4,092Price per Unit: $35,000Price per Sq Ft: $51.32Cap Rate: 8.07%Year build: 1901Detailed Property Website: http://www.josephbernard.net/16th_streetFor further details, please contact us atJoseph Bernard Investment Real Estatephone: 503-546-XXXXwebsite: http://www.josephbernard.netThis property is exclusively listed with Evan Abramowitz of Joseph Bernard, Inc.365 16th Street SE (google map) (yahoo map)Location: 365 16th Street SE