MAINTAINED & ESTABLISHED MOBILE HOME PARK with 7 units conveniently located near shopping, restaurants & highway access. Six units currently grossing $3,075.00 with potential for one more unit currently used for storage. Tenants pay utilities with seller paying security light. All tenants with the exception of one have resided here for at least two years. Property is well maintained with great tenants. Nearly 10% CAP RATE.
Very nice 15 Unit Brick Apartment Complex in the heart of Salem. Located next to a new Tumbleweed Restaurant and close to the new Walmart center. (8) units are 2 bedroom/1 bath, (2) units are larger town-home style 2 bedroom/1 bath, (5) units are 1 bedroom/1 bath. See attached plat showing additional area on property which may be able to be developed. The lower back side of the property does touch the flood zone, see attached flood map.
ATTENTION INVESTORS!! Here is your chance to own a prime piece of investment property in the Rental Business with the recent growth that has come to our community! 18 finished apartments on 1 level, 1 upstairs unit in the back! 100% occupied! Don't miss out on this opportunity! Call today! ALL BUILDINGS WILL HAVE A NEW ROOF INSTALLED WITHIN 60-90 DAYS. Complete new roof in June!
Investment opportunity! Duplex fully occupied. Both units rented for $400 a month. Huge 95x35 pole barn! Plenty of parking! There is 1-2 feet of rock under the grass due to the Salem Trucks having semi's! Call today!
Don't miss out on your chance to own this PRIME RENTAL PROPERTY in Salem! 28 units total. 8-2bd/1.5ba, 2 duplex-2bd/1ba/1car garage, 16-2bd/1ba. Washer Dryer hookups in 20 of the units, one 8-unit has 2washer/2dryer in laundry room common area. Covered parking for one of the 8-unit buildings! Call today for your showing!
The median home value in Salem, IN is $237,000. This is higher than the county median home value of $173,500. The national median home value is $338,100. The average price of homes sold in Salem, IN is $237,000. Approximately 66.78% of Salem homes are owned, compared to 27.89% rented, while 5.33% are vacant. Salem real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Salem real estate agent to arrange a tour today!
Salem, Indiana has a population of 6,276. Salem is more family-centric than the surrounding county with 27.62% of the households containing married families with children. The county average for households married with children is 26.57%.
The median household income in Salem, Indiana is $43,021. The median household income for the surrounding county is $53,932 compared to the national median of $69,021. The median age of people living in Salem is 37.9 years.
The average high temperature in July is 87 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 45.7 inches per year, with 14.4 inches of snow per year.