3487 Orchard Heights Rd Salem, OR 97304

This exceptional investment opportunity presents a three-unit single-family rental portfolio situated on a spacious 4.65-acre lot in Salem, Oregon. The property consists of three upgraded homes, offering significant cash flow potential. The main house, built in 2013, boasts 2 bedrooms, 2 bathrooms, and an office that could easily function as a third bedroom, all within 3,950 square feet of living space. Two additional one-bedroom, one-bathroom homes provide further rental income. Currently, one unit generates $1250 monthly rent, with potential for increased rental income in the other two units, estimated at $1500-$1800 per month each. The property also includes a large barn with a game room above, ample parking, a riding mower, a spring-fed pond, an open shed, and a covered RV area. The property is zoned SR. The asking price is $1,500,000, representing $500,000 per unit and $379.75 per square foot. The seller is motivated and will consider carrying a portion of the financing over $1,000,000 at a 3% interest rate. This property offers a unique blend of income generation and attractive acreage, making it an ideal investment for discerning buyers. The current occupancy rate is 33%. Additional improvements include tile and marble throughout the homes. A 20x30 auxiliary building provides extra storage or potential for expansion.