6627 N MONTANA AVE, Portland, OR 97217

$2,100,000
List Price
$2,100,000
Price Change
▼ $60,000 1629703496
Days on Market
80
MLS#
21228555
Property Type
Multifamily
Lot Size
7, 000 to 9, 999 SqFt
Region
Portland Northeast
Status
Active

Property Description

Fully leased turnkey 8 unit apartment buildings. Each unit has 2 bedrooms and 1 bath. Separate entrances! Easy walk to grocery store and Max transit. Convenient location. Contemporary finishes in each unit. Stainless appliances included. Quality construction by Blackstone construction. Do not disturb tenants. Professionally managed by rental management services (rms). Recent rents increasing.

Additional Information

Tax Amount
$13,404
Year Built
2019
High School
Jefferson
Elementary School
Chief Joseph
Middle School
Ockley Green
Stories
1
Terms
Cash, Conventional
Fuel Description
Electricity
Heating Description
Zoned
Hot Water Description
Electricity
Exterior Description
Cement Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Capitalization Rate
4.81
Operating Expenses Actual
36288
Gross Income Actual
135720
Gross Rent Multiplier
15.47
Net Income Actual
100992
Occupancy Types
Leased
Road Surface
Paved
Number Of Units Total
8
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1545
Unit Type One Sq Ft
555
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
1445
Unit Type Two Sq Ft
555
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
1400
Unit Type Three Sq Ft
555
Unit Type Three Units Total
3
Unit Type Four Baths Total
1
Unit Type Four Beds Total
2
Unit Type Four Rent
1395
Unit Type Four Sq Ft
555
Unit Type Four Units Total
1
Unit Type Five Baths Total
1
Unit Type Five Beds Total
2
Unit Type Five Rent
1375
Unit Type Five Sq Ft
555
Unit Type Five Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of MORE Realty.

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