4124 N Michigan AVE, Portland, OR 97217

$3,147,900
List Price
$3,147,900
Days on Market
212
MLS#
20668445
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland North
Status
Active

Property Description

Investors 3 modern townhomes w/luxury finishes in highly desirable NoPo neighborhood. Walk to Mississippi shops/cafes/restaurants. Sleek cabinetry, H/W floors, gourmet kitchen. Top level features a family rm,full bath,kitchenette & roof top deck w/stunning city view. Each townhome has 2 rentable units (est rents): main house 3/3.1 w/rooftop deck 3,500/mo plus a ground level ADU. 4128 ADU 2/1 1,900/mo. 4124 & 4130 ADUs 2/2 2,300/mo OR potentially 2 leasable areas total 3,700/mo. Buyer to verify

Additional Information

Tax Amount
$1
Year Built
2021
High School
Grant
Elementary School
Boise-Eliot
Middle School
Harriet Tubman
Stories
4
Subdivision
Boise
Terms
Cash, Conventional
Cooling Description
Other
Fuel Description
Electricity
Heating Description
Mini Split
Hot Water Description
Electricity, Tankless
Exterior Description
Lap Siding, Cement Siding
Roof Type
Flat
Sewer Description
Public Sewer
Water Description
Public
View
City
Sq Ft Approximate Building Total
8859
Capitalization Rate
5.18
Operating Expenses Actual
40800
Gross Income Actual
204000
Gross Rent Multiplier
15.43
Net Income Actual
163200
Road Surface
Paved
Number Of Units Total
6
Unit Type One Baths Total
4
Unit Type One Beds Total
3
Unit Type One Rent
3500
Unit Type One Sq Ft
2282
Unit Type One Units Total
2
Unit Type Two Baths Total
4
Unit Type Two Beds Total
3
Unit Type Two Rent
3500
Unit Type Two Sq Ft
2174
Unit Type Two Units Total
1
Unit Type Three Baths Total
2
Unit Type Three Beds Total
2
Unit Type Three Rent
2300
Unit Type Three Sq Ft
707
Unit Type Three Units Total
2
Unit Type Four Baths Total
1
Unit Type Four Beds Total
2
Unit Type Four Rent
1900
Unit Type Four Sq Ft
707
Unit Type Four Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Premiere Property Group, LLC.

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