Simpson Street Apartments
Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 725,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 5,600
Date Available 09/27/2018
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LocationGreat location close to downtown Salem and Mission Street providing convenient access for your tenants. Only blocks away from Kmart, Plaid Pantry, Dairy Queen, Hawaiian Time, Richmond Elementary, and other businesses and services. SalePrice: $725,000 Units: 8 / $90,625 per unit Sq Ft: 4,160 / Price/Sq Ft: $174.28 Year Built: 1971 Cap Rate: 7% / Cash Flow: 6.81% *Financials based on current Rent and Expenses. Gross Income through November 2017 is $62,244. Turnkey Investment with professional management in place for a simple transaction.