6280 Cottonwood (6290) Street Northeast

Salem, OR 97317

$1,060,000
Price
Beds
4,713 Sq. Ft.
$225 / Sq. Ft.
4,713
Sq. Ft.
$225
per Sq. Ft.

Description

Excellent investment property-A unicorn! 4 units in the county on 2.25ac. Long term tenants on MTM w/great rental history. Well has new pump, pressure tank and electrical. Newer septic tanks (standard septic). One well supplies all units, 2 septic systems) 4 units=duplex, 2bd house, 5bd house w/partially finished basement and garage converted to extra living space. Room to build a shop. Low county taxes and no water or sewer bills!Excellent investment property-A unicorn! 4 units in the county on 2.25ac. Long term tenants on MTM w/great rental history. Well has new pump, pressure tank and electrical. Newer septic tanks (standard septic). One well supplies all units, 2 septic systems) 4 units=duplex, 2bd house, 5bd house w/partially finished basement and garage converted to extra living space. Room to build a shop. Low county taxes and no water or sewer bills!
  1. Listed by Gina Ott • HomeStar Brokers

Property Details for 6280 Cottonwood (6290) Street Northeast

Parking Features
Driveway, Off Street
Zoning
AR
View
Territorial
Garage Spaces
2.00

Location

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LISTING UPDATED: 04/27/2024 05:11 PM

Property Details for 6280 Cottonwood (6290) Street Northeast

StatusPending
MLS #24585976
Days on Market63
Taxes$5,899 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1965
Lot Size2.25 AC / 98,010 SF
CountyMarion County

Location

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Building Information for 6280 Cottonwood (6290) Street Northeast

Stories2Residences4Year Built1965Building Size-Lot Size2.25 AC / 98,010 SF

Payment Calculator

$6,276 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,785

Property Taxes

$492

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6280 Cottonwood (6290) Street Northeast

Summary
Location and General Information
  • Country: US
  • Directions: State St to North on 63rd. Property on corner 63rd and Cottonwood
  • Road Surface: Paved
School Information
  • Elementary School: Lamb
  • High School: Mc Kay
  • Middle Or Junior School: Stephens
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $5,898.63
  • Parcel Number: 523479
  • Tax Legal Description: P.P. 2005-091, PARCEL 2, ACRES 2.25
Property
Lot Information
  • Acres: 2.25
  • Lot Size Square Feet: 98010.0
  • Lot Size Range: Acres1to3
  • Lot Size: 1 to 2.99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Private, Well
  • Property Condition: Existing
  • Year Built: 1965
Utilities
  • Fuel Description: Electricity
  • Heating Description: Baseboard, Forced Air
  • Hot Water Description: Electricity
  • Sewer Description: Septic Tank, Standard Septic
  • Rent Includes: Sewer, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Partial Basement
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $79,440.00
  • Gross Rent Multiplier: $13.34
  • Investor Information: According To Owner
  • Net Income Actual: $71,641.00
  • Operating Expense: $7,799.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
  • SqFt Approximate Building Total: 4713
Unit 1 Information
  • Unit Type 1 Baths Total: 3
  • Unit Type 1 Beds Total: 5
  • Unit Type 1 Rent: $2,700
  • Unit Type 1 SqFt: 2032.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Rent: $1,400
  • Unit Type 2 SqFt: 1029.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Beds Total: 4
  • Unit Type 3 Rent: $2,520
  • Unit Type 3 SqFt: 1652.0
  • Unit Type 3 Units Total: 2

Schools near 6280 Cottonwood (6290) Street Northeast

This home is within Salem-Keizer School District 24j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Cesar E Chavez Elem
PublicK to 5

Stephens Middle School
Public6 to 8

Mckay High School
Public9 to 12

Fruitland Elementary School
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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