52 Public Sq - Peachey Properties, LLC
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52 Public Sq - Peachey Properties, LLC
5 Unit Apartment Building Offered at $502,758 CAD at a 11.39% Cap Rate in Salem, IN 47167
Investment Highlights
- Store front retail or business on busy public square....VISIBILITY HIGH!
- Smaller units have been renovated; larger retail can be easily and efficient to build out to your liking.
- Own and run business while paying for building with 4 additional rental units, easy to rent.
Executive Summary
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.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 5,000 |
| 2+1 | 2 | $1,257 CAD | 800 |
| 1+1 | 3 | $1,120 CAD | 630 |
| 1+1 | 4 | $1,120 CAD | 630 |
| Studios | 5 | $718.23 CAD | 1,000 |
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PROPERTY TAXES
| Parcel Number | 88-24-17-334-028.000-022 | Improvements Assessment | $124,494 CAD (2023) |
| Land Assessment | $69,595 CAD (2023) | Total Assessment | $194,089 CAD (2023) |
PROPERTY TAXES
Parcel Number
88-24-17-334-028.000-022
Land Assessment
$69,595 CAD (2023)
Improvements Assessment
$124,494 CAD (2023)
Total Assessment
$194,089 CAD (2023)
zoning
| Zoning Code | CB (Commercial Business) |
| CB (Commercial Business) |
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52 Public Sq - Peachey Properties, LLC
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