190 14th St SE, Salem, OR 97301

Opportunity knocks! Great looking fourplex where one company leases all four units and sublets to traveling professionals. Well established tenancy record of almost two years. The property is under professional management and the laundry center is managed by Coin Meter. The seller is in the process of combining the two existing parcels into one to assist in financing. Expected final approval date is August 1. Central location just blocks from the State Capitol, Willamette University, and Salem Hospital. Almost $50k in recent upgrades. List price includes a .06-acre adjacent parcel at 1445 Ferry St. SE. Buyers responsible for their own due diligence. Property is in 500-year flood plain. County says 1956 build, but seller does not guarantee. The structure appears older.