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12429 SE Foster Rd

Portland, OR 97236
  • $1,400,000
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: 21198092
$1,400,000
  • 11
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 5,832
    SQFT
  • $240
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Information

Elementary School:
Middle School:
High School:

Description

Great opportunity here for an 8 plex on a half acre with room to grow. Low maintenance with newer roof, windows and siding. Remodeled units. Check with the City of Portland for adding additional units. Rental upside as some units below market value.On site coin-op laundry. On bus line, close to max. Very nice property to add to your portfolio.

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Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-10-19T23:39:49.007.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
www.nexthomepdx.com/homes/121264577
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12429 SE Foster Rd Portland, OR 97236

  • Price: $1,400,000
  • Status: Active
  • MLS #: 21198092
11
Beds
8
Baths
0
½ Baths
N/A
Acres
5,832
SQFT
$240
$/SQFT
1970
Built
Neighborhood:
143-Portland Southeast
County:
Multnomah
Area:
143-Portland Southeast
Elementary School:
Gilbert Park
Middle School:
Alice Ott
High School:
David Douglas
Property Description
Great opportunity here for an 8 plex on a half acre with room to grow. Low maintenance with newer roof, windows and siding. Remodeled units. Check with the City of Portland for adding additional units. Rental upside as some units below market value.On site coin-op laundry. On bus line, close to max. Very nice property to add to your portfolio.
Exterior Features

Exterior Description Vinyl Siding Lot Description On BuslineLevel Lot Size 20000 Sqft To .99 Acres Parking Features OpenPaved Roof Type Composition View YN No Water Description Public

Interior Features

Basement Crawl Space Cooling Description None Foundation Details Concrete Perimeter Heating Description Baseboard Hot Water Description ElectricityTank Unit Features DishwasherDisposalRangeRefrigerator Unit Type1 Features DishwasherDisposalRangeRefrigerator Unit Type1 Sq Ft 830 Unit Type2 Features DishwasherDisposalRangeRefrigerator Unit Type2 Sq Ft 830 Unit Type3 Features DishwasherDisposalRangeRefrigerator Unit Type3 Sq Ft 830 Unit Type4 Features DishwasherDisposalRangeRefrigerator Unit Type4 Sq Ft 830 Unit Type5 Features DishwasherDisposalRangeRefrigerator Unit Type5 Sq Ft 675 Unit Type6 Features DishwasherDisposalRangeRefrigerator Unit Type6 Sq Ft 675 Unit Type7 Features DishwasherDisposalRangeRefrigerator Unit Type7 Sq Ft 675 Unit Type8 Features DishwasherDisposalRangeRefrigerator Unit Type8 Sq Ft 485

Property Features

Bank Owned YN No Capitalization Rate 5.27 CCRs YN No Common Amenities Laundry Country Us Fuel Description Electricity Gross Income Actual 97560 Gross Rent Multiplier 14.35 Net Income Actual 73822 Occupancy Types LeasedMonth To Month Operating Expenses Actual 22718 Property Condition Approximately Rent Includes Trash CollectionSewerWater Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage Attached Tax Amount 10339.82 Third Party Approval YN No Unit Type1 Rent 1200 Unit Type1 Units Total 1 Unit Type2 Rent 1200 Unit Type2 Units Total 1 Unit Type3 Rent 1000 Unit Type3 Units Total 1 Unit Type4 Rent 1225 Unit Type4 Units Total 1 Unit Type5 Rent 885 Unit Type5 Units Total 1 Unit Type6 Rent 885 Unit Type6 Units Total 1 Unit Type7 Rent 950 Unit Type7 Units Total 1 Unit Type8 Rent 750 Unit Type8 Units Total 1 Zoning R2

Listing provided courtesy of Better Homes & Gardens Realty.


Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-10-19T23:39:49.007.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
 
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