315 N BRIDGETON RD, Portland, OR 97217

$1,875,000
Sold Price
$1,875,000
List Price
$1,825,000
Closing Date
Nov 02, 2021
Days on Market
207
MLS#
21393873
Property Type
Multifamily
Lot Size
1 to 2.99 Acres
Region
Portland North
Status
Sold

Property Description

BOM no fault of Seller. Agent accompaniment required. Three apartments two are non conforming currently, one garage on land, one boat house and 26 boat slips with current layout. Docks rebuilt and new decking in 2020 with all utilities run under the deck. New floatation and stringers where needed. Potential for additional increase in revenue. Plentiful parking and storage available. This is a great opportunity to live onsite, manage and have built in income.

Additional Information

Tax Amount
$6,084
Year Built
1930
High School
Jefferson
Elementary School
Faubion
Middle School
Faubion
Stories
2
Subdivision
Bridgeton Neighborhood
Terms
Cash, Conventional
Fuel Description
Electricity
Heating Description
Wall Furnace
Hot Water Description
Electricity, Gas
Exterior Description
Cement Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Waterfront Description
River Front
View
River, Mountain(s)
Cumulative Days On Market
207
Waterfront
Yes
Water Name
Columbia Slough
Capitalization Rate
5.92
Operating Expenses Actual
31200
Gross Income Actual
139248
Gross Rent Multiplier
13.11
Net Income Actual
108048
Occupancy Types
Leased, Month To Month, Other, Vacant
Covenants/Restrictions
No
Road Surface
Gravel, Paved
Number Of Units Total
30
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
1595
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
1624
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
1
Unit Type Three Rent
1100
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
1
Unit Type Four Rent
900
Unit Type Four Units Total
1
Unit Type Five Rent
300
Unit Type Five Units Total
26

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 J Residential Properties. Selling Office: J Residential Properties.

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