8016 N IDA AVE, Portland, OR 97203

$2,185,000
List Price
$2,185,000
Days on Market
198
MLS#
20255299
Property Type
Multifamily
Lot Size
10, 000 to 14, 999 SqFt
Region
Portland North
Status
Active

Property Description

Great 14-plex located near the heart of St. Johns on a 14,000 Sqft lot with parking for 14 cars. Rents are below market rates and have potential for increase. New plumbing in 2018. Opportunity is here for the right investor to get into St. Johns! Contract terms.

Additional Information

Tax Amount
$13,697
Year Built
1926
High School
Roosevelt
Elementary School
James John
Middle School
George
Stories
2
Subdivision
St Johns
Terms
Contract
Cooling Description
None
Fuel Description
Electricity
Heating Description
Wall Furnace
Hot Water Description
Gas
Exterior Description
Hard Concrete Stucco
Roof Type
Flat
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
7728
Capitalization Rate
4.56
Operating Expenses Actual
44326
Gross Income Actual
143940
Gross Rent Multiplier
15.18
Net Income Actual
99614
Occupancy Types
Leased, Month To Month
Road Surface
Paved
Number Of Units Total
14
Unit Type One Baths Total
1
Unit Type One Rent
775
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Rent
795
Unit Type Two Units Total
6
Unit Type Three Baths Total
1
Unit Type Three Rent
825
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
1
Unit Type Four Rent
925
Unit Type Four Units Total
1
Unit Type Five Baths Total
1
Unit Type Five Beds Total
1
Unit Type Five Rent
950
Unit Type Five Units Total
3

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.

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