Liberty St. NE Assemblage
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Liberty St. NE Assemblage
3 Properties Offered at $1,250,000 in Salem, OR
Investment Highlights
- Beautifully updated, light and bright interiors
- Convenient to downtown and the parkway
- On-site parking
Executive Summary
fully leased multi building assemblage conveniently located just North of downtown. Two office buildings plus a rental home, all with on-site parking. City has proposed a Zone change to allow a wider variety of uses in this area, additionally the properties are located in the Downtown Opportunity Zone.
Taxes & Operating Expenses (Actual - 2021) |
Annual |
|---|---|
| Gross Rental Income |
$103,824
|
| Other Income |
-
|
| Vacancy Loss |
$5,191
|
| Effective Gross Income |
$98,633
|
| Taxes |
$10,147
|
| Operating Expenses |
$11,470
|
| Total Expenses |
$21,617
|
| Net Operating Income |
$77,016
|
Taxes & Operating Expenses (Actual - 2021)
| Gross Rental Income | |
|---|---|
| Annual | $103,824 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,191 |
| Effective Gross Income | |
|---|---|
| Annual | $98,633 |
| Taxes | |
|---|---|
| Annual | $10,147 |
| Operating Expenses | |
|---|---|
| Annual | $11,470 |
| Total Expenses | |
|---|---|
| Annual | $21,617 |
| Net Operating Income | |
|---|---|
| Annual | $77,016 |
Property Facts
| Price | $1,250,000 | Status | Active |
| Price / SF | $188.65 / SF | Number of Properties | 3 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.20% | Total Building Size | 6,626 SF |
| Sale Type | Investment | Total Land Area | 0.37 AC |
| Price | $1,250,000 |
| Price / SF | $188.65 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 6.20% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 6,626 SF |
| Total Land Area | 0.37 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 863 Liberty St NE, Salem, OR 97301 | Office | 3,105 SF | 1970 | - |
| 867 Liberty St NE, Salem, OR 97301 | Office | 2,746 SF | 1982 | - |
| 871 Liberty St NE, Salem, OR 97301 | Multifamily | 775 SF | 1925 | - |
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Jennifer Hand -
Gall Real Estate Services, LLC
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Liberty St. NE Assemblage
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