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52 Public Sq - Peachey Properties, LLC

5 Unit Apartment Building Offered at £279,762 at a 11.39% Net Initial Yield in Salem, IN 47167

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Investment Highlights

Store front retail or business on busy public square....VISIBILITY HIGH!
Smaller units have been renovated; larger retail can be easily and efficient to build out to your liking.

Own and run business while paying for building with 4 additional rental units, easy to rent.

Executive Summary

RARE OPPORTUNITY TO OWN THIS MULTI-FAMILY INVESTMENT PROPERTY within historic downtown Salem. Combination of 5 rental units: 1 large commercial space ($1,700/mo), 1-two bedroom unit ($875/mo), 2-one bedroom units ($780/mo each), and an additional commercial unit ($500/mo)! Open your own business and have rental income that makes your payment.... add to your current portfolio....use this to start your own investment portfolio....live in one unit while running a business and still having income to make your mortgage....so many possibilities that you can't go wrong. These units are nice and have been well-maintained. MAIN LEVEL BEING KEPT VACANT FOR YOUR NEW BUSINESS --- all other units RENTED. All city utilities.

AERIAL

Financial Summary (Actual - 2024) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	£279,762	Lot Size	0.12 AC
Price Per Unit	£55,952	Building Size	10,296 SF
Sale Type	Investment	Average Occupancy	80%
Net Initial Yield	11.39%	Number of Floors	2
No. Units	5	Year Built	1940
Property Type	Residential General Retail Storefront Retail/Residential Apartment Buildings Office Office Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£279,762
Price Per Unit	£55,952
Sale Type	Investment
Net Initial Yield	11.39%
No. Units	5
Property Type	Residential General Retail Storefront Retail/Residential Apartment Buildings Office Office Residential
Lot Size	0.12 AC
Building Size	10,296 SF
Average Occupancy	80%
Number of Floors	2
Year Built	1940
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.