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2280 Kuebler Boulevard
Salem, OR 97302
Asking Price
$1.50M
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B
What's Special
Potential Multi Family Development <p><span style="color: rgba(68, 68, 68, 1)">Exceptional opportunity on nearly 5 acres with development potential or room to enjoy spacious living. This approximately 3,842 sq ft home offers 5 bedrooms and 3.5 baths with a flexible floor plan that may accommodate dual living. Set on 4.96 acres zoned RM2, the property presents potential for future development. The City of Salem has indicated a preference for townhome development (buyer to verify). Utilities are located at the end of Country Drive.
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NOI
$80,000
Cap Rate
5.34%
DSCR
0.90
Underwater
Cash-on-Cash
-2.00%
Monthly Payment
$7,416.234
Annual Cash Flow
$-8,994.809
