Listed by John L. Scott Real Estate Salem
$449,000
Salem Duplex - 1760 McCoy
Details
APN 073W23AB04500
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 2,530
Units 1
Cap Rate 9.19%
NOI $41,249
Occupancy 100%
Pro-Forma Cap Rate 10.19%
Pro-Forma NOI $45,749
Year Built 1930
Stories 1
Lot Size (SqFt) 2,685
Updated, Fully-Rented Duplex at 9.1% CAP on Actuals w/ Upside.
Marketing description
Updated duplex in the Grant neighborhood of Salem.
Lower level is a 1 bed / 1 bath apartment.
Main and top floors comprise a 4 bed / 2 bath unit.
New heat pump w/ ductless mini-split, updated windows, and W/D hookups in both units.
Both units tenant-occupied - 9.1% CAP on actuals with immediate rent upside.
Upstairs rent is $2,500/month, basement unit is $1,250/mo.
Upstairs lease started 9/25, downstairs 10/25.
Easy access to downtown, Lancaster & I5.
Use/call ShowingTime (800)746-9464, or Call/text LA.
24-hour notice required, do not disturb tenants.
Investment highlights
Cashflow at 9.1% CAP
Immediate Upside with < 1 year tenants
Solid Updates & Improvements
Listing Contacts
Listed by John L. Scott Real Estate Salem
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$41,249.00
$3,437.42/mo
Valuation Metrics
0
DSCR
9.19%
Cap Rate
9.19%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
