4128 N MICHIGAN AVE, Portland, OR 97217

$2,048,900
List Price
$2,048,900
Days on Market
10
MLS#
21281595
Property Type
Multifamily
Lot Size
3, 000 to 4, 999 SqFt
Region
Portland North
Status
Active

Property Description

Investors 2 modern townhomes w/luxury finishes in highly desirable NoPo neighborhood. Walk to Mississippi shops/cafes/restaurants. Top level is perfect for entertaining featuring a family room w/wet bar, bath & rooftop 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 ground level ADU. 4128 ADU 2/1 1,900/mo. 4130 ADU 2/2 2,300/mo OR potentially 2 leasable areas total 3,700/mo buyer to verify. Photos/videos of 4124 N Michigan.

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
5941
Capitalization Rate
5.9
Operating Expenses Actual
30240
Gross Income Actual
151200
Gross Rent Multiplier
13.55
Net Income Actual
120960
Road Surface
Paved
Number Of Units Total
4
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
1
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
778
Unit Type Three Units Total
1
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
%
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.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2021 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.