335 South Oak Grove Rd NW, Salem, OR 97304 - Polk County

Vintage 1910 4 bedroom home with commercial quality 3,150 square foot outbuilding/shop located on beautiful 5.42 acres, short distance to Highway 22 & minutes from downtown Salem! The outbuilding, constructed in 2008, features an office area and a large open work area with tall vaulted ceilings. The inside of the outbuilding is insulated, finished with drywall & has 2 mini split HVAC systems that provide heating and cooling. The building is plumbed with in-floor water radiant heat & has an ADA style bath. The home is in poor condition, of little value and sold in as is condition. The value is primarily in the land and the shop/outbuilding. The best financing would be a rehab loan so the buyers can make necessary repairs to the home. The sellers may also consider short term (12 months or less), owner financing with 20% to 30% down, to allow the buyers time to complete repairs so the home will qualify for standard, conventional financing.

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