3550 SE 130TH AVE, Portland, OR 97236

$2,500,000
List Price
$2,500,000
Days on Market
129
MLS#
20096380
Property Type
Multifamily
Lot Size
20, 000 SqFt to .99 Acres
Region
Portland Southeast
Status
Active

Property Description

Turnkey asset on secluded lot with large units, two newer constructed 3BD 2BTH units, newer roofs, and low maintenance landscaping. Upside potential rent increase. Please do not disturb tenants. All showings subject to inspection after mutual acceptance. Write Offers subject to interior inspection. Buyer to cooperate in Seller's 1031 exchange.

Additional Information

Tax Amount
$17,905
Year Built
1969
High School
David Douglas
Elementary School
Gilbert Hts
Middle School
Alice Ott
Stories
2
Terms
Cash, Other
Fuel Description
Electricity
Heating Description
Baseboard
Hot Water Description
Electricity
Exterior Description
Aluminum
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Capitalization Rate
5.03
Operating Expenses Actual
71254
Gross Income Actual
196928
Gross Rent Multiplier
12.69
Net Income Actual
125674
Occupancy Types
Leased, Month To Month
Number Of Units Total
16
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
995
Unit Type One Sq Ft
975
Unit Type One Units Total
4
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
1100
Unit Type Two Sq Ft
975
Unit Type Two Units Total
2
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
885
Unit Type Three Sq Ft
975
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
2
Unit Type Four Rent
1050
Unit Type Four Sq Ft
975
Unit Type Four Units Total
2
Unit Type Five Baths Total
1
Unit Type Five Beds Total
2
Unit Type Five Rent
980
Unit Type Five Sq Ft
975
Unit Type Five Units Total
1

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of MORE Realty.

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