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Listing provided courtesy of HOMESMART REALTY GROUP: 971-599-5865.

4434 Lancaster (-4440) NE

Salem, OR 97305
  • $725,000
  • STATUS: Active Under Contract
  • ON SITE: 212 Days
  • MLS #: 814071
Under Contract
UPDATED: 55 min ago
$725,000
  • 8
    BEDS
  • 0.31
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,591
    SQFT
  • $202
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of HOMESMART REALTY GROUP: 971-599-5865. Listing information © 2024 Willamette Valley Multiple Listing Service



Description

Accepted Offer with Contingencies. Amazing investment opportunity in Salem! Fully rented with good tenants on this 4-plex investment! Conveniently located near shops, college, and bus lines! New roof in 2019 and exterior touch ups! New coin operated laundry installed onsite for extra revenue. Great cap rate of %6.384 on this investment and pro forma %7.19 with plenty of value to take it to the next level!

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Willamette Valley MLS logo © 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2024-10-06T11:09:11.52.
www.willamettevalleyhouses.com/homes/148384759
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4434 Lancaster (-4440) NE Salem, OR 97305

  • Price: $725,000
  • Status: Active Under Contract
  • On Site: 212 Days
  • Updated: 55 min ago
  • MLS #: 814071
8
Beds
4
Baths
0
½ Baths
0.31
Acres
3,591
SQFT
$202
$/SQFT
1964
Built
Neighborhood:
20 CENTRAL SALEM
County:
Marion
Area:
20 CENTRAL SALEM
Elementary School:
Hayesville
Middle School:
Adam Stephens
High School:
Mckay
Property Description
Accepted Offer with Contingencies. Amazing investment opportunity in Salem! Fully rented with good tenants on this 4-plex investment! Conveniently located near shops, college, and bus lines! New roof in 2019 and exterior touch ups! New coin operated laundry installed onsite for extra revenue. Great cap rate of %6.384 on this investment and pro forma %7.19 with plenty of value to take it to the next level!
Exterior Features

Fenced Yard Yes Foundation Continuous Roof Shake

Interior Features

Laundry Laundry Center Range Facility Built-in Unit1 Baths 1 Unit1 Bedrooms 2 Unit2 Baths 1 Unit2 Bedrooms 2 Unit3 Baths 1 Unit3 Bedrooms 2 Unit4 Baths 1 Unit4 Bedrooms 2 Water Heater Gas

Property Features

High Speed Comm Access Available Multifamily Type 4-Plex New Construction No Sewer City Tax Amount 4475 Tax Years 2023 Terms Seller Will Consider FHACashConventional Water City

© 2024 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2024-10-06T11:09:11.52.
 
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Young Property Group | Keller Williams Realty Mid Willamette
2125 Pacific Blvd SW
Albany OR, 97322
Listing provided courtesy of HOMESMART REALTY GROUP: 971-599-5865. Listing information © 2024 Willamette Valley Multiple Listing Service