3410 SE 111TH AVE, Portland, OR 97266

$550,000
List Price
$550,000
Days on Market
3
MLS#
21120716
Property Type
Multifamily
Lot Size
15, 000 to 19, 999 SqFt
Region
Portland Southeast
Status
Active

Property Description

Please do not disturb tenants or walk property. No for sale sign. Single level 4plex on large lot, development potential. Zoned RM1. Opportunity as is, room for improvement equity, or redevelop. Photos are of unit that needs rehab, other units updated already but we don't have those photos out of respect for the tenants. Rents low & could be increased. 2 units w/ attached garage, 2 detached. Fenced yards. Easy access to transit, highways, shopping, parks. Offers subject to interior inspection.

Additional Information

Tax Amount
$7,507
Year Built
1979
High School
David Douglas
Elementary School
W Powellhurst
Middle School
Ron Russell
Stories
1
Subdivision
Powellhurst-Gilbert
Terms
Call Listing Agent, Cash, Conventional
Fuel Description
Electricity
Heating Description
Baseboard
Hot Water Description
Electricity, Tank
Exterior Description
Wood Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
4000
Capitalization Rate
3
Operating Expenses Actual
22956
Gross Income Actual
39480
Gross Rent Multiplier
13.93
Net Income Actual
16524
Occupancy Types
Month To Month
Covenants/Restrictions
No
Road Surface
Paved
Number Of Units Total
4
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
911
Unit Type One Sq Ft
801
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
890
Unit Type Two Sq Ft
801
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
885
Unit Type Three Sq Ft
801
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
2
Unit Type Four Sq Ft
801
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 Roots Realty.

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.