1232 SE 130TH AVE, Portland, OR 97233

$2,300,000
Sold Price
$2,300,000
List Price
$2,500,000
Closing Date
Mar 19, 2020
Days on Market
33
MLS#
20472330
Property Type
Multifamily
Lot Size
20, 000 SqFt to .99 Acres
Region
Portland Southeast
Status
Sold

Property Description

The Lindsey Park Apartments features nine (9), two-bedroom, one and a half bath, two (2), three-bedroom, two and a half bath units, and a large home on one tax lot. Units have W/D hookups. The property has been owner managed for many years, and the condition has been kept up well. Eleven of the units have a garage included with the rent, there are also two large 11' x 11' storage units on-site.

Additional Information

Tax Amount
$22,915
Year Built
1997
High School
David Douglas
Elementary School
Menlo Park
Middle School
Floyd Light
Stories
2
Terms
Conventional
Fuel Description
Electricity
Heating Description
Forced Air
Hot Water Description
Electricity
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Cumulative Days On Market
33
Sq Ft Approximate Building Total
17150
Capitalization Rate
5.72
Operating Expenses Actual
58800
Gross Income Actual
201803
Gross Rent Multiplier
12.39
Net Income Actual
143003
Occupancy Types
Leased, Month To Month
Number Of Units Total
12
Unit Type One Baths Total
2
Unit Type One Beds Total
2
Unit Type One Rent
1368
Unit Type One Sq Ft
1160
Unit Type One Units Total
9
Unit Type Two Baths Total
3
Unit Type Two Beds Total
3
Unit Type Two Rent
1590
Unit Type Two Sq Ft
1200
Unit Type Two Units Total
2
Unit Type Three Baths Total
3
Unit Type Three Beds Total
3
Unit Type Three Rent
2210
Unit Type Three Sq Ft
2000
Unit Type Three Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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

Listing courtesy of Joseph Bernard LLC. Selling Office: MORE Realty.

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