Heads up Albany, OR investors! My friend has a 5-plex available for $190,000! Stop reading and start calling!
4 of the units have been remodeled. Off street parking. This project has 4 units that are 1+1 and 1 unit that is 2+1. With a standard downpayment this cashflows at 9.5%/year. Current rents average $440 a month...and should have upside.
My big complaint in the past has been that smaller properties don't cashflow. I still insist that's true, unless they're priced to sell...like this property is.
Remember to call us when you're looking for great deals on distressed and value priced properties! Rick Bean 503.336.6382 rick@rosecitycre.com
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