$ 920,000
6280 COTTONWOOD ST Salem, OR 97317
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Listed by Windermere Pacific West Prop.
$ 920,000
Est. payment | /mo
2.25 Acres Lot
$ 920,000
Est. payment | /mo
2.25 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 24464631
Year Built 1965
Annual Tax Amount $5,898
Tax Year 2023
Lot Size 2.250 Acres
Property Description
Two separate single family homes plus a duplex, all on 2.25 acres. 4 unit investment opportunity, fully rented, with positive cash flow. Each unit has own separate meters. Tenants pay all utilities. Seller pays property taxes & insurance. On well/septic. A great return on your investment. Buyer to do own due diligence. One well is shared between all properties. In the last 10 years; pump, electrical and pressure tank have been replaced. Two septic systems on property installed in last 10 years. Many updates in 3/1 unit, tenants since 7/2024. All roofs 10-12 Years old. Duplex tenants since 2017, house tenants for 11 yrs. All units month-month.
Location
State OR
County Marion
Area _176
Zoning RA
Rooms
Basement Partially Finished
Interior
Heating Baseboard, Radiant, Wall Heater
Exterior
View Territorial
Roof Type Composition
Garage No
Building
Sewer Septic Tank
Water Well
Schools
Elementary Schools Lamb
Middle Schools Stephens
High Schools Mckay
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Brian Johnson
REALTOR®, Licensed in Oregon & Washington | Lic# 201220025