This is a multifamily property comprising of 10 single-story units in Salem, OR. Acquired in 2022, the project was financed with a creative structure involving a seller-carry loan for 91% of the purchase price. Substantial improvements, including unit upgrades, enhanced landscaping, and road repairs, have transformed the property into a safe and attractive living space. With a projected profit of $600,000 and an AAR of 80%, this property continues to provide strong returns while improving tenant quality of life.

Location: Salem, OR
Type of Property: Multifamily Property
Year Built: 1949
Units: 10 single-story units (4 duplexes, 2 single-family homes)

Investment Details:

• Investment Date: 12/29/2022

• Exit Date: Still Held

• Initial Investment Amount: $150,000

• Profit: $600,000 (Projected)

• AAR: 80% (Projected)

Funding Structure:

• Seller carried 91% of the purchase price

• Remaining capital funded by internal partners

Development/Improvements:

• Heavy turns on each unit

• Landscaping upgrades for curb appeal

• Tree trimming to protect buildings

• Potholes filled for tenant safety