1268 NE 162ND Ave

    Portland, OR 97230
    • $478,500
    • STATUS: Active
    • ON SITE: 69 days
    • MLS #: 20222828
    UPDATED: 40 min ago
    $478,500
    • 6
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,080
      SQFT
    • $230
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2000
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Owner is licensed agent in OR, showings by appt only, do not disturb tenants! Large 3 bed 1.5 bath units bring top dollar. Upstairs unit has vaulted ceilings. Both units have laundry. Tenant pays electricity. Open great room layout. Housing assistance with solid long term tenants makes this a low maintenance and easy to manage property. Do not disturb tenants! The best CAP rate on the market! 6.28 with room to improve by implementing RUBS

    Monthly Payment Calculator



    Listing content is copyright © 2020 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 2020-04-08T07:58:43.09.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/102728839

    1268 NE 162ND Ave Portland, OR 97230

    • Price: $478,500
    • Status: Active
    • Updated: 40 min ago
    • MLS #: 20222828
    6
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,080
    SQFT
    $230
    $/SQFT
    2000
    Built
    Neighborhood:
    142-Portland Northeast
    County:
    Multnomah
    Area:
    142-Portland Northeast
    Elementary School:
    Wilkes
    Middle School:
    H.B. Lee
    High School:
    Reynolds
    Property Description
    Owner is licensed agent in OR, showings by appt only, do not disturb tenants! Large 3 bed 1.5 bath units bring top dollar. Upstairs unit has vaulted ceilings. Both units have laundry. Tenant pays electricity. Open great room layout. Housing assistance with solid long term tenants makes this a low maintenance and easy to manage property. Do not disturb tenants! The best CAP rate on the market! 6.28 with room to improve by implementing RUBS
    Exterior Features

    Exterior Description Lap SidingVinyl Siding Lot Description LevelPrivateTreesFlag Lot Lot Size 10000 To 14999 Sqft Parking Features CarportPaved Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Crawl Space Foundation Details Concrete Perimeter Heating Description Wall Furnace Hot Water Description Electricity Unit Features DeckDishwasherRangeRefrigeratorWasher/Dryer Unit Type1 Features DeckRangeRefrigeratorWasher/Dryer Unit Type1 Sq Ft 1040 Unit Type2 Features DishwasherRangeRefrigeratorWasher/Dryer Unit Type2 Sq Ft 1040

    Property Features

    Bank Owned YN No Capitalization Rate 6.43 CCRs YN No Country Us Fuel Description Electricity Gross Income Actual 37320 Gross Income Projected 39600 Gross Rent Multiplier 12.82 Net Income Actual 30750 Net Income Projected 33030 Occupancy Types Leased Operating Expenses Actual 6570 Operating Expenses Projected 4092 Property Condition Approximately Rent Includes Trash CollectionSewerWater Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage Individual Storage UnitsLocked Tax Amount 3648.58 Third Party Approval YN No Unit Type1 Rent 1620 Unit Type1 Units Total 1 Unit Type2 Rent 1490 Unit Type2 Units Total 1 Zoning Ldr7

    Listing provided courtesy of J Residential Properties.


    Listing content is copyright © 2020 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 2020-04-08T07:58:43.09.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.
     
    Next Home Realty Connection
    ,