52 Public Sq - Multi-Family FOR SALE


Salem, IN 47167
$350,000 USD
812-883-5112
52 Public Sq, Salem, IN for Sale
$350,000 USD
Multi-Family - FOR SALE
1/20
null | 11.39% Cap Rate

52 Public Sq
Salem, IN 47167


HIGHLIGHTS

  • Store front retail or business on busy public square....VISIBILITY HIGH!
  • Own and run business while paying for building with 4 additional rental units, easy to rent.
  • Smaller units have been renovated; larger retail can be easily and efficient to build out to your liking.

OVERVIEW

RARE OPPORTUNITY TO OWN THIS MULTI-FAMILY INVESTMENT PROPERTY within historic downtown Salem. Combination of 5 rental units: 1 large commercial space ($1,700/mo), 1-two bedroom unit ($875/mo), 2-one bedroom units ($780/mo each), and an additional commercial unit ($500/mo)! Open your own business and have rental income that makes your payment.... add to your current portfolio....use this to start your own investment portfolio....live in one unit while running a business and still having income to make your mortgage....so many possibilities that you can't go wrong. These units are nice and have been well-maintained. MAIN LEVEL BEING KEPT VACANT FOR YOUR NEW BUSINESS --- all other units RENTED. All city utilities.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$34 USD /SF

# OF UNITS

5

PRICE/UNIT

$70,000

CAP RATE

11.39%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Peachey Properties, LLC

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CB

APN/PARCEL ID

88-24-17-334-028.000-022

ASK ABOUT THIS PROPERTY

Lori GilstrapThe Day Company Realtors LLCMore Info
812-883-5112

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Lori GilstrapThe Day Company Realtors LLCMore Info
812-883-5112

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.