RARE Deal Fam Liq! Muli-Fam 10 unit 2/1 Appt Salem, OR $1,080.000

[Brian Bradley]

GREAT DEAL! PRICED TO SELL! Family Portfolio Liquidation. Broker is related to seller. 0.55 acres; 10 units all 2/1. 20 beds, 10 baths. Laundry room onsite. Large parking area. Property is 0.55 acres one block away from Sunnyslope Shopping Center, which is very convenient to tenants. All Units are 2/1 in an easy to rent part of South Salem. Rents are $857 & highest rent at property is $925. Most units rehabbed with paint, carpet/vinyl & like kind fixtures over the last two years. New exterior paint two years ago. Significant upside potential by simply equalizing rents at the $925 level the property is already achieving, and or increasing rent to market level of $1,000 per unit. The operating numbers are actual. Quiet living in an established neighborhood just minutes from shopping, parks, banking, and restaurants.

Listing agent stated that the tenants pay for all utilities. Great news for Cash Flow. 

See listing below and contact for more information.

http://wvmls.paragonrels.com/publink/default.aspx?...

Deal Analyzed at Asking Price and rent stabilization $950

https://www.biggerpockets.com/calculators/shared/918662/8b8a3980-242a-41af-807c-4849f932f17e

Deal Analyzed at purchase price of $950K and rent stabilization $950

https://www.biggerpockets.com/calculators/shared/918662/5ad04b31-0001-4f17-b98b-f136281104b9

Deal Analyzed at purchase price of 950 K and all units rent increased to $1,000

https://www.biggerpockets.com/calculators/shared/918662/d2805753-aa70-448e-acdd-d5e78643993b