4433 State St
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4433 State St
4 Unit Block of Flats £631,200 (£157,800/Unit) 5.40% Net Initial Yield 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
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £631,200 | Property Subtype | Apartment |
| Price Per Unit | £157,800 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 5.40% | Lot Size | 0.67 AC |
| Sale Conditions | 1031 Exchange | Building Size | 3,537 SF |
| No. Units | 4 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1937 |
| Price | £631,200 |
| Price Per Unit | £157,800 |
| Sale Type | Investment |
| Net Initial Yield | 5.40% |
| Sale Conditions | 1031 Exchange |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 3,537 SF |
| Number of Floors | 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 |
| RM |
-
Andi Costello -
Lyle Stratton -
Venture Commercial Real Estate
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4433 State St
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