4433 State St 4 Unit Apartment Building $775,000 ($193,750/Unit) 5.40% Cap Rate Salem, OR 97301
INVESTMENT HIGHLIGHTS
- Under market rents
- Owner Pays Water & Sewer, tenants responsible for all other utilities
- Professionally managed
EXECUTIVE SUMMARY
Professionally managed, fully leased three 2-bedroom units and one 1-bedroom unit. Tenants play all utilities except for water and sewer. Units have washer and dryer hook-ups. Large sized lot provides for an opportunity to build additional units.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $775,000 |
| Price Per Unit | $193,750 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 3,537 SF |
| No. Stories | 1 |
| Year Built | 1937 |
UNIT AMENITIES
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Smoke Detector
1 of 1
Bike Score®
Very Bikeable (74)
ZONING
| Zoning Code | RM |
