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1340-1348 & 1354 Lee St. SE
Salem, OR 97302
Asking Price
$495K
Cap Rate
2.5%
Asset Type
Multifamily
Class
Class B
What's Special
Multifamily | 5 Units <ul><li>Value-Add Opportunity: 5-unit studio apartment property with 4 of 5 units currently rented at below market rates, presenting upside through renovations and rent repositioning.</li><li>Deferred Maintenance Priced In: Property requires maintenance and updates, with ownership willing to provide a partial credit toward a new roof, helping offset capital improvements.</li><li>Operational Flexibility: All tenants are month-to-month, allowing a new owner to renovate units, reset rents, or re
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NOI
$80,000
Cap Rate
16.16%
DSCR
2.72
Strong
Cash-on-Cash
34.08%
Monthly Payment
$2,448.99
Annual Cash Flow
$50,612.121
