MLS# 24053767 – 1010 Church, E St St Ne, Salem, OR 97301 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of Silverton Realty, Inc..

Property Description

Description

15 Units

Status: Active

Year Built: 1948

Days on Website: 16

5 separate units, on 3 parcels. Four 1 bedroom, 1 bath cottages on 2 tax lots, 577-585 sqft each, many updates done to these cottages. Plus a 2 bedroom, 1 bath home with a full basement with potential to finish off for more sqft and an attached single car garage, with a 3 car detached garage on same tax lot. All 5 units are occupied with long term tenants & tenants maintain the grounds and pay all utilities.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace,FullBasement,Unfinished

Building

Built in 1948

Storage:

Garage

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5

Expenses

Operating Expense:

$10,668

Exterior Features

Exterior Description:

LapSiding,ShakeSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Baseboard,WallFurnace,Zoned

Income

CAP Rate:

2.9

Gross Income:

$35,220

Gross Rent Multiplier:

24.05

Net Operating Income:

$24,552

Listing

Contract Status Change Date:

2024-04-15

Days On Market:

Last Transaction Date:

2024-04-15 13:57:25

List Price:

$847,000

Listing Contract Date:

2024-04-15

Listing Id:

24053767

Mls Status:

Active

Modification Timestamp:

2024-04-15 13:57:25

On Market Date:

2024-04-15

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_174

County Or Parish:

Marion

Lot

Features:

Level

Size Acres:

0.29

Size Range:

SqFt10000to14999

Size Square Feet:

12,632

Size:

10,000 to 14,999 SqFt

Parking

Features:

Garage,OnStreet

Property

Number Of Units Total:

Property Condition:

Approximately

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

North Salem

Middle Or Junior School:

Parrish

Elementary School:

Grant

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,943

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$525

Area:

578

Features:

Range,WasherDryerHookup,WoodFloors

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$610

Area:

583

Features:

Range,WasherDryerHookup,WoodFloors

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$525

Area:

577

Features:

Range,WasherDryerHookup,WoodFloors

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$545

Area:

583

Features:

Range,WasherDryerHookup,WoodFloors

Units Total:

1 total bathroom

1 total bedroom

Unit Five

Actual Rent:

$730

Area:

851

Features:

Range,WasherDryerHookup,WoodFloors

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$847,000 -

1010 Church, E St St Ne Salem , OR 97301

MLS Area Major: _174

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on May 1, 2024 1:45PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.