$ 725,000
4434 LANCASTER DR Salem, OR 97305
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Listed by HomeSmart Realty Group
$ 725,000
Est. payment | /mo
3,591 SqFt
$ 725,000
Est. payment | /mo
3,591 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,591 sqft
Price per Sqft $201
MLS Listing ID 24172729
Year Built 1964
Annual Tax Amount $4,475
Tax Year 2023
Lot Size 0.310 Acres
Property Description
Amazing investment opportunity in Salem!Fully rented with good tenants on this 4-plex investment!Conveniently located near shops, college, and bus lines!New roof in 2019 and exterior touch ups! New coin operated laundry installed onsite for extra revenue. Below market rents! Great %5.67 cap rate on this investment and pro forma %7.19 w/ plenty of value to take it to the next level!
Location
State OR
County Marion
Community Laundry
Area _176
Zoning RM
Interior
Heating Baseboard
Exterior
Community Features Laundry
Roof Type Shake
Parking Type Paved
Garage No
Building
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Hayesville
Middle Schools Stephens
High Schools Mckay
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Don Johnson, PC
Principal Broker | Lic# 910900068