1335 SE Cedar St

    Hillsboro, OR 97123
    • $800,000
    • STATUS: Pending
    • ON SITE: 34 days
    • MLS #: 19606260
    Under Contract
    UPDATED: 61 min ago
    $800,000
    • 4
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 4,992
      SQFT
    • $160
      $/SQFT
    Type:
    Multi-Family
    Built:
    1967
    County:

    School Ratings & Info

    Description

    Great opportunity to pick up an underperforming 6 units property. These two triplexes are best packaged as a unit. Cash offer preferred. Low rents, but they still make money. Dramatic upside in rents with rehab. Be prepared for additional $10k per door in fixes. Investor package available for serious inquiries only. Do not disturb tenants. Offer subject to interior inspections. Seller may complete 1031 exchange.

    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 2019-11-15T12:59:38.33.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/99898899

    1335 SE Cedar St Hillsboro, OR 97123

    • Price: $800,000
    • Status: Pending
    • Updated: 61 min ago
    • MLS #: 19606260
    4
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,992
    SQFT
    $160
    $/SQFT
    1967
    Built
    Neighborhood:
    152-Hillsboro/Forest Grove
    County:
    Washington
    Area:
    152-Hillsboro/Forest Grove
    Property Description
    Great opportunity to pick up an underperforming 6 units property. These two triplexes are best packaged as a unit. Cash offer preferred. Low rents, but they still make money. Dramatic upside in rents with rehab. Be prepared for additional $10k per door in fixes. Investor package available for serious inquiries only. Do not disturb tenants. Offer subject to interior inspections. Seller may complete 1031 exchange.
    Exterior Features

    Exterior Description T-111 SidingWood Siding Garage Or Parking Spaces 6 Lot Description Level Lot Size 20000 Sqft To .99 Acres Parking Description Garage Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Foundation Crawl Space Heating Description Baseboard Hot Water Description Electricity Unit Features Washer/Dryer Hookup Unit Type1 Features Washer/Dryer Hookup Unit Type1 Sq Ft 832 Unit Type2 Features Washer/Dryer Hookup Unit Type2 Sq Ft 832

    Property Features

    Bank Owned YN No Capitalization Rate 5.07 Country Us Fuel Description Electricity Gross Income Actual 60000 Gross Income Projected 86400 Gross Rent Multiplier 13.33 Net Income Actual 40571 Net Income Projected 61326 Occupancy Types Month To Month Operating Expenses Actual 19429 Operating Expenses Projected 25074 Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Tax Amount 6709.32 Third Party Approval YN No Unit Type1 Rent 850 Unit Type1 Units Total 4 Unit Type2 Rent 800 Unit Type2 Units Total 2 Utilities Included Trash CollectionSewerWater Year Built Description Approximately Zoning Scr-Md

    Listing provided courtesy of Equity Pacific Real Estate Llc.
    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 2019-11-15T12:59:38.33.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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