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1519-1529 Salishan St SE
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Great Cash Flowing Rental Opportunity in Salem
This 6-plex has five 3 Bed / 1.5 Bath units and one 2 Bed / 1.5 Bath unit. Current gross rent is $8,650 and gross market rent is $9,300. Three of these units have garages and the remaining units have covered parking spaces. Don’t pass up this opportunity to step into equity at a 6.35% CAP Rate!!! Once market rents are achieved this investment will be a 7% CAP Rate.