6640 NE M L KING BLVD, Portland, OR 97211

$2,000,000
List Price
$2,000,000
Days on Market
34
MLS#
19063555
Property Type
Multifamily
Lot Size
3, 000 to 4, 999 SqFt
Region
Portland North
Status
Active

Property Description

Opportunity Knocks! Builder is temporarily short on cash. Buy 19 unit in full construction swing and save a bundle! All the permits and plans are available on https://www.portlandmaps.com/. Already completed foundation, dry well, underground plumbing, and concrete slab is getting ready to be poured. Just step in and finish the build out! Want to start fresh? .28 Acre Land on MLK 1 block away, MLS#19385666

Additional Information

Tax Amount
$727
Year Built
2019
High School
Roosevelt
Elementary School
Woodlawn
Middle School
Ockley Green
Stories
4
Terms
Call Listing Agent
Fuel Description
Other
Heating Description
Other
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
13602
Capitalization Rate
10.83
Operating Expenses Actual
69496
Gross Income Actual
286160
Gross Rent Multiplier
6.99
Net Income Actual
216664
Occupancy Types
Other
Utilities Included
None
Number Of Units Total
19
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
1200
Unit Type One Sq Ft
569
Unit Type One Units Total
12
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
1200
Unit Type Two Sq Ft
548
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Rent
1100
Unit Type Three Sq Ft
454
Unit Type Three Units Total
5
Unit Type Four Baths Total
1
Unit Type Four Rent
2000
Unit Type Four Sq Ft
1030
Unit Type Four Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Premiere Property Group, LLC.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.