1374 SE Cedar St

    Hillsboro, OR 97123
    • $550,000
    • STATUS: Pending
    • ON SITE: 34 days
    • MLS #: 19024400
    Under Contract
    UPDATED: 60 min ago
    $550,000
    • 6
      BEDS
    • N/A
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 5,040
      SQFT
    • $109
      $/SQFT
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Huge upside potential with this value add 7 unit property. Ideally sold with MLS#: 19606260. Property is priced with rehab needed taken in to consideration. Be prepared for new roofs, windows, baseboards, flooring, paint, appliances, etc. Most likely will not finance due to vacancies and under market rents. Cash offers preferred. DND tenants, drive by only. Seller may 1031 exchange at no cost to buyer.

    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/99898898

    1374 SE Cedar St Hillsboro, OR 97123

    • Price: $550,000
    • Status: Pending
    • Updated: 60 min ago
    • MLS #: 19024400
    6
    Beds
    3
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,040
    SQFT
    $109
    $/SQFT
    1960
    Built
    Neighborhood:
    152-Hillsboro/Forest Grove
    County:
    Washington
    Area:
    152-Hillsboro/Forest Grove
    Property Description
    Huge upside potential with this value add 7 unit property. Ideally sold with MLS#: 19606260. Property is priced with rehab needed taken in to consideration. Be prepared for new roofs, windows, baseboards, flooring, paint, appliances, etc. Most likely will not finance due to vacancies and under market rents. Cash offers preferred. DND tenants, drive by only. Seller may 1031 exchange at no cost to buyer.
    Exterior Features

    Exterior Description T-111 SidingWood Siding Garage Or Parking Spaces 7 Lot Description Level Lot Size 15000 To 19999 Sqft Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Foundation Crawl Space Heating Description Baseboard Hot Water Description Electricity Unit Type1 Sq Ft 720 Unit Type2 Sq Ft 720 Unit Type3 Sq Ft 720

    Property Features

    Bank Owned YN No Capitalization Rate 1.77 Country Us Fuel Description Electricity Gross Income Actual 25800 Gross Income Projected 92400 Gross Rent Multiplier 21.32 Net Income Actual 9727 Net Income Projected 59257 Occupancy Types Month To MonthVacant Operating Expenses Actual 16073 Operating Expenses Projected 33143 Sewer Description Public Sewer Short Sale YN No Tax Amount 7183.37 Third Party Approval YN No Unit Type1 Rent 600 Unit Type1 Units Total 2 Unit Type2 Rent 950 Unit Type2 Units Total 1 Unit Type3 Rent 0 Unit Type3 Units Total 4 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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