$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
Price Dropped by $30K
6280 COTTONWOOD ST Salem, OR 97317
UPDATED:
10/18/2024 08:45 AM
Key Details
Property Type Multi-Family
Listing Status Active
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
Parking Type R V Access Parking
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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