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Listed by SHAREEF HAGAG • HOMESMART REALTY GROUP • Agent: 503-510-2607
$799,900
Est. payment /mo
8 Beds
4 Baths
3,591 SqFt
Active Under Contract
4434-4440 Lancaster Dr NE NE Salem, OR 97305
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Key Details
Property Type Multi-Family
Sub Type 4-Plex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,591 sqft
Price per Sqft $222
MLS Listing ID 834211
Bedrooms 8
Year Built 1964
Annual Tax Amount $4,731
Tax Year 2024
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type 4-Plex
Property Description
Accepted Offer with Contingencies. House hack 101 alert! 1 Unit left unrented for owner occupant financing potential! Live in one of the units allows for 5% down payment opportunity! Great way to build your asset equity over time! Or buy as an investment with an estimated CAP of 8.36% using potential $6400 a month in total rents ($1600 per unit). “Big ticket” updates done makes for huge value on this one! ALL units painted inside and out, ALL new flooring, baths redone, lighting, and exterior paint for a clean look! Major plumbing and sewer line replacements includes, ALL new drain line system as well! Done by LOCAL licensed plumbing company! New electrical panels for ALL units done by licensed local electrician! Major crawl space work includes sealing and vapor barrier! New roof in 2019! Conveniently located near shops, college, and bus lines! Whether you're looking for an investment property or your first house-hack, this 4-plex “pencils” even with these rates!
Location
State OR
County Marion
Area 20 Central Salem
Interior
Hot Water Gas
Heating Baseboard
Flooring Laminate
Laundry Laundry Center
Exterior
Fence Yes
Roof Type Shake
Building
Foundation Continuous
Sewer City
Water City
New Construction No
Schools
Elementary Schools Hayesville
Middle Schools Adam Stephens
High Schools Mckay
Others
Acceptable Financing FHA, Federal VA, Cash, ODVA, Conventional
Listing Terms FHA, Federal VA, Cash, ODVA, Conventional
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