Awesome Apartments for Salem. 12 units total. 4452 Liberty Rd SSalem, OR 97302.Great investment opportunity!! Opportunity of a lifetime to make some easy money on your investment. Why settle for a paltry close to 0% interest in savings, nor the high risk of the stock market. When you can buy real estate? Property in a smaller complex that is in a nice, quiet, and in a safe neighborhood. The complex is in a great South Salem neighborhood close to downtown, shopping, and good schools. Eight 2 bedroom/1bath with over 875 sq feet of space. Four 1 bedroom/1bath with over 675 sq feet of space. They have private balcony or fenced yards. Depending on if upstairs/downstairs.Close to 8% cap rate. Easy to maintain and has great tenant mix.Great on site manager to manage day operation of the property. Do as little or as much of the work as you want in running the place.Details: Please contact me for any more questions or information you would like about the property. Mike : 503 816 7024.Rent Roll =================unit rent bedrooms bath1 $525 1 12 $525 1 13 $525 1 14 $525 1 15 $635 2 16 $635 2 17 $650 2 18 $650 2 19 $635 2 110 $595 2 111 $625 2 112 $650 2 1TOTAL $7175 per month Laundry $214 $88668 per year Projected 2012 income expenses vacancy $208.3333 water $450 garbage $155 electricity $94.5 ins $183 taxes $655 repairs/maintain $494 landscape $100 mgrmnt $100 laundry rental $112 TOTAL EXPENSES $2551.833 monthly cash flow $4837.167 $58046 per year
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