302 N BRIDGETON RD, Portland, OR 97217

$3,000,000
List Price
$3,000,000
Days on Market
54
MLS#
22244199
Property Type
Multifamily
Lot Size
7, 000 to 9, 999 SqFt
Region
Portland Northeast
Status
Active

Property Description

Cash-flowing investment property in amazing central location. Close to PDX, Vancouver, Airport and Columbia River. Great opportunity to add 6 doors to your portfolio. This is a low maintenance, new building with all units EPS Certified. The property has been developed with individual fee simple parcels for each townhome/ADU unit combination. ADU's are legalized for short term rentals. It could be operated as apartment units or sold individually. Not subject to OR rent control laws.

Additional Information

Tax Amount
$3,051
Year Built
2022
High School
Jefferson
Elementary School
Faubion
Middle School
Ockley Green
Terms
Cash, Conventional
Fuel Description
Gas
Heating Description
Heat Pump
Hot Water Description
Gas
Exterior Description
Wood Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public Water
Waterfront Description
River Front
View
River, Seasonal
Waterfront
Yes
Water Name
Columbia River
Capitalization Rate
4.29
Operating Expenses Actual
46449
Gross Income Actual
175200
Gross Rent Multiplier
17.12
Net Income Actual
128751
Occupancy Types
Leased
Road Surface
Paved
Number Of Units Total
6
Unit Type One Baths Total
3
Unit Type One Beds Total
3
Unit Type One Rent
2850
Unit Type One Sq Ft
2836
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
1950
Unit Type Two Sq Ft
751
Unit Type Two Units Total
1
Unit Type Three Baths Total
3
Unit Type Three Beds Total
3
Unit Type Three Rent
3000
Unit Type Three Sq Ft
3352
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
1
Unit Type Four Rent
1950
Unit Type Four Sq Ft
799
Unit Type Four Units Total
1
Unit Type Five Baths Total
3
Unit Type Five Beds Total
3
Unit Type Five Rent
3000
Unit Type Five Sq Ft
2900
Unit Type Five 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 Keller Williams PDX Central.

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