3540 SE 157TH AVE, Portland, OR 97236

$2,000,000
List Price
$2,000,000
Price Change
▼ $50,000 1586120200
Days on Market
41
MLS#
20060569
Property Type
Multifamily
Lot Size
20, 000 SqFt to .99 Acres
Region
Portland Southeast
Status
Active

Property Description

RARE chance to own 8 large 3bd/2.5bth Townhomes in Portland! Developed in 2004, each identical unit is 1,312 sq ft and consists of large updated living with washer/dryers, attached garages, private patios and fireplaces all within a .56 acre tree-lined secluded flag lot. 100% occupied! Turn-key operation with great stable cash flow, or raise to market rents and lower expenses by charging H20/Sewer for higher NOI! Rarely do properties like this come available so don't miss your opportunity!

Additional Information

Tax Amount
$13,357
Year Built
2004
High School
Centennial
Middle School
Other
Stories
2
Subdivision
Centennial
Terms
Cash, Conventional, Other
Fuel Description
Gas
Heating Description
Forced Air
Hot Water Description
Gas
Exterior Description
Vinyl Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
View
Trees/Woods
Sq Ft Approximate Building Total
10496
Capitalization Rate
5.23
Operating Expenses Actual
50106
Gross Income Actual
159900
Gross Rent Multiplier
12.51
Net Income Actual
109794
Occupancy Types
Leased, Month To Month
Road Surface
Paved
Number Of Units Total
8
Unit Type One Baths Total
7
Unit Type One Beds Total
3
Unit Type One Rent
1825
Unit Type One Sq Ft
1312
Unit Type One Units Total
1
Unit Type Two Baths Total
7
Unit Type Two Beds Total
3
Unit Type Two Rent
1600
Unit Type Two Sq Ft
1312
Unit Type Two Units Total
1
Unit Type Three Baths Total
7
Unit Type Three Beds Total
3
Unit Type Three Rent
1675
Unit Type Three Sq Ft
1312
Unit Type Three Units Total
1
Unit Type Four Baths Total
7
Unit Type Four Beds Total
3
Unit Type Four Rent
1525
Unit Type Four Sq Ft
1312
Unit Type Four Units Total
1
Unit Type Five Baths Total
7
Unit Type Five Beds Total
3
Unit Type Five Rent
1750
Unit Type Five Sq Ft
1312
Unit Type Five Units Total
1

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Premiere Property Group, LLC.

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