NOT LISTED FOR SALE

2110 Mission St SE Salem, OR 97302

Southeast Salem Neighborhood
8 Beds
8 Baths
4,202 Sq Ft
0.3 Acres

Last Sold December 19, 2018

Last sale price $785,000 $187 Per Sq Ft

24 Days on Market

Highlights

  • 0.3 Acre Lot
  • Laundry Facilities
  • Wood Siding
  • Hot Water Heating System
  • High Speed Internet
  • Carpet

About This Home

As of December 2018

8 unit building all 1 bedroom 1 bath units near downtown Salem. Rents raised to $760 with $50 Rubs in place on six units. Laundry room on site. Two buildings with a boiler in each building that serves as hot water and heater. Low maintenance property with great cash flow, close to Kmart, Dairy Queen, Walmart, and minutes from Downtown Salem. New paint and landscaping.

Last Agent to Sell the Property

JARED STASCH

COLDWELL BNKR/COMMERCIAL DIV License #201207848 Listed on: 09/14/2018

Last Buyer's Agent

Gabe Johansen

SMI REAL ESTATE License #201202003

SMI REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,755

Year Built

  • Built in 1971

Lot Details

  • 0.3 Acre Lot

Home Design

  • 4,202 Sq Ft Home
  • Pillar, Post or Pier Foundation
  • Shingle Roof
  • Wood Siding
  • T111 Siding

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Hot Water Heating System
  • High Speed Internet

Community Details

Overview

  • 8 Units
  • Simpson 8 Unit Community

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $27,445
  • Net Operating Income $47,747

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,755

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Syndicated Remarks: 8 unit building all 1 bedroom 1 bath units near downtown Salem. Rents raised to $760 with $50 Rubs in place on six units. Laundry room on site. Two buildings with a boiler in each building that serves as hot water and heater. Low maintenance property with great cash flow, close to Kmart, Dairy Queen, Walmart, and minutes from Downtown Salem. New paint and landscaping.
  • Cross Street: 25th
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate
  • Total Bathrooms: 8
  • Total Bedrooms: 8
  • Laundry: Laundry Center
  • Price Per Sq Ft: 186.82
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 186.82

Exterior Features

  • Exterior Color: Taupe
  • Foundation: Pier
  • Roof: Shingle
  • Siding: Wood
  • Siding Style: T111

Utilities

  • Heating: Hot Water
  • High Speed Comm Access: Available
  • Water: City
  • Sewer: City

Lot Info

  • Acres: 0.3
  • Estimated Lot Sq Ft: 13030
  • Lot Type: Common Area
  • Price Per Acre: 2616666.67
  • Zoning: RM2
  • Property Name: Simpson 8 Unit
  • Property Use Type: Investment
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 27445

Multi Family

  • Net Income: 47747
  • Gross Sched Income: 79150
  • Unit Types: Flat
  • Number Of Units: 8

Tax Info

  • Tax Account Number: R90333
  • Tax Amount: 5755

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2007
Sold by
Valley Health & Postal Employees Cu
Bought by
Oregon Realtors Plaza Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,520,000
Interest Rate
6.51%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Oregon Realtors Plaza Llc $4,400,000 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Oregon Realtors Plaza Llc $3,520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2018 12/19/18 Sold $785,000 0.0% $187 / Sq Ft
09/14/2018 09/14/18 For Sale $785,000 -- $187 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $88,822 $4,523,810 -- --
2023 $86,202 $4,392,050 $0 $0
2022 $81,276 $4,264,130 $0 $0
2021 $78,953 $4,139,940 $0 $0
2020 $76,650 $4,019,360 $0 $0
2019 $73,954 $3,902,300 $0 $0
2018 $74,274 $0 $0 $0
2017 $67,927 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    JARED STASCH

    COLDWELL BNKR/COMMERCIAL DIV

  • Gabe Johansen

    Buyer's Agent in 2018

    Gabe Johansen

    SMI REAL ESTATE

    (503) 851-0048

    2 in this area

    90 Total Sales

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Map

Source: Willamette Valley MLS

MLS Number: 739335

Willamette Valley MLS

APN: 527870

Oregon Marion County Salem 97301 Southeast Salem

2110 Mission St SE, Salem, OR

This home is located at 2110 Mission St SE, Salem, OR 97302 since 14 September 2018. This property was built in 1971. 2110 Mission St SE is a home located in Marion County with nearby schools including Bush Elementary School, Leslie Middle School, and South Salem High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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