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Maebelle Homes 7610-7640 Maebelle Ln NE 4 Unit Apartment Building $1,950,000 ($487,500/Unit) 5.51% Cap Rate Salem, OR 97303
INVESTMENT HIGHLIGHTS
- All were built in 2007
- Prime location in Keizer, OR
- Attractive rental income
- 100% occupancy
- Well-maintained property
- Spacious units with modern amenities
EXECUTIVE SUMMARY
Introducing a turnkey investment in Keizer with 4 well-maintained and well-appointed individual homes! Built in 2007, these properties are 4 bed/2.5 bath with square footage ranging between 2,127sf and 2,159sf each. Aside from the great location to schools, these homes feature things like UGS, walk in closets, gas fireplaces, living AND family rooms, fenced yards, and 2 car garages to draw in great tenants! This is the investment definitely one add to your multi family or single family portfolio!
Discover the allure of Keizer, where these Maebelle Homes await. Nestled in a flourishing community, the area offers a perfect balance of city convenience and natural beauty. Residents savor quick access to the Salem-Keizer School District, catering to families and students. Nearby attractions like Keizer Rapids Park and the Willamette Valley are ideal for outdoor enthusiasts. Explore a variety of dining and shopping options at Keizer Station, just moments away. With its appealing mix of urban amenities and scenic landscapes, Maebelle Homes promises an incomparable living experience for Multifamily and Single Family Rental Portfolio investors.
Discover the allure of Keizer, where these Maebelle Homes await. Nestled in a flourishing community, the area offers a perfect balance of city convenience and natural beauty. Residents savor quick access to the Salem-Keizer School District, catering to families and students. Nearby attractions like Keizer Rapids Park and the Willamette Valley are ideal for outdoor enthusiasts. Explore a variety of dining and shopping options at Keizer Station, just moments away. With its appealing mix of urban amenities and scenic landscapes, Maebelle Homes promises an incomparable living experience for Multifamily and Single Family Rental Portfolio investors.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$144,540
|
$16.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$144,540
|
$16.86
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$37,176
|
$4.34
|
| Net Operating Income |
$107,364
|
$12.52
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $144,540 |
| Annual Per SF | $16.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $144,540 |
| Annual Per SF | $16.86 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $37,176 |
| Annual Per SF | $4.34 |
| Net Operating Income | |
|---|---|
| Annual | $107,364 |
| Annual Per SF | $12.52 |
PROPERTY FACTS
| Price | $1,950,000 | Property Subtype | Apartment |
| Price Per Unit | $487,500 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.51% | Lot Size | 0.70 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 8,572 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2007 |
| Zoning | RS | ||
| Price | $1,950,000 |
| Price Per Unit | $487,500 |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 8,572 SF |
| No. Stories | 2 |
| Year Built | 2007 |
| Zoning | RS |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2.5 | 4 | - | 2,127 - 2,159 |
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Maebelle Homes | 7610-7640 Maebelle Ln NE
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