Listed by First Commercial Real Estate Services
$799,000
Campbell Duplexes
Details
APN 082W06AB00800,082W06AB00700
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,744
Units 4
NOI $20,358
Pro-Forma NOI $37,654
Price per SqFt $240
Year Built 1972
Year Renovated 2021
Buildings 2
Acreage 0.340
Zoning RM2
Parking Spaces spaces
Multifamily | 4 Units | $199,750/unit
Marketing description
Well-maintained portfolio consisting of two adjacent duplex properties Built in 1972 totaling four residential units in Southeast Salem. Offered together as a portfolio investment, the properties feature a favorable unit mix of two 2BR/1BA units and two 3BR/1BA units, offering rent diversification and broad appeal across multiple tenant demographics. Both properties underwent comprehensive improvements in 2021, including exterior painting, plumbing upgrades (PEX re-piping), new flooring, HVAC replacements, and crawl space vapor barrier installation.
Investment highlights
- Price Per Unit - $199,750
- Rents below market @ $550 & $1,020
- 2 tax lots, 1 Duplex per lot
Listing Contacts
Listed by First Commercial Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$20,358.00
$1,696.50/mo
Valuation Metrics
0
DSCR
2.55%
Cap Rate
2.55%
ROI
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