127 SE 148TH Ave

    Portland, OR 97233
    • $1,595,000
    • STATUS: Pending
    • ON SITE: 219 days
    • MLS #: 18608937
    Under Contract
    UPDATED: 29 min ago
    $1,595,000
    • 20
      BEDS
    • N/A
      ACRES
    • 10
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Recently updated, significantly improved, fully leased 12 plex with tremendous upside. Major improvements include brand new parking lot, all units repainted, new stairs and decks, exterior lighting, new siding and more. Three of the units have been fully remodeled and four of the units are significantly below market rents. Located between Burnside and Stark on 148th with public transportation steps away. RUB your way to a 7 CAP.

    Monthly Payment Calculator

    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. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-05-20T16:59:23.373.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/88458212

    127 SE 148TH Ave Portland, OR 97233

    • Price: $1,595,000
    • Status: Pending
    • Updated: 29 min ago
    • MLS #: 18608937
    20
    Beds
    10
    Baths
    0
    ½ Baths
    N/A
    Acres
    1954
    Built
    Neighborhood:
    Hazelwood
    County:
    Multnomah
    Area:
    143-Portland Southeast
    Elementary School:
    Glenfair
    Middle School:
    H.B. Lee
    High School:
    Reynolds
    Property Description
    Recently updated, significantly improved, fully leased 12 plex with tremendous upside. Major improvements include brand new parking lot, all units repainted, new stairs and decks, exterior lighting, new siding and more. Three of the units have been fully remodeled and four of the units are significantly below market rents. Located between Burnside and Stark on 148th with public transportation steps away. RUB your way to a 7 CAP.
    Exterior Features

    Exterior Description OtherWood Siding Lot Description Level Lot Size 20000 Sqft To .99 Acres Parking Description Paved View City View YN Yes Water Description Public

    Interior Features

    Basement Foundation FinishedFull Basement Heating Description Baseboard Hot Water Description Electricity Unit Type1 Sq Ft 1200 Unit Type2 Sq Ft 720 Unit Type3 Sq Ft 720 Unit Type4 Sq Ft 720 Unit Type5 Sq Ft 720 Unit Type6 Sq Ft 720 Unit Type7 Sq Ft 720 Unit Type8 Sq Ft 720 Unit Type9 Sq Ft 720

    Property Features

    Bank Owned YN No Capitalization Rate 5.61 Country Us Fuel Description Electricity Gross Income Actual 143856 Gross Income Projected 160690 Gross Rent Multiplier 11.09 Net Income Actual 89510 Net Income Projected 113161 Occupancy Types LeasedMonth To Month Operating Expenses Actual 47153 Operating Expenses Projected 47529 Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Tax Amount 5850.03 Third Party Approval YN No Unit Type1 Rent 1150 Unit Type1 Units Total 1 Unit Type2 Rent 1100 Unit Type2 Units Total 1 Unit Type3 Rent 1075 Unit Type3 Units Total 1 Unit Type4 Rent 1050 Unit Type4 Units Total 2 Unit Type5 Rent 1095 Unit Type5 Units Total 1 Unit Type6 Rent 895 Unit Type6 Units Total 3 Unit Type7 Rent 980 Unit Type7 Units Total 1 Unit Type8 Rent 900 Unit Type8 Units Total 1 Unit Type9 Rent 900 Unit Type9 Units Total 1 Utilities Included Trash CollectionSewerWaterLandscaping Zoning Rh

    Listing provided courtesy of Keller Williams-Pdx Central.
    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. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-05-20T16:59:23.373.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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