2202 SE 162ND Ave

    Portland, OR 97233
    • $671,000
    • STATUS: Sold
    • ON SITE: 101 days
    • MLS #: 19090931
    Sold - 07/08/2019
    $671,000
    SOLD - 07/08/2019
    • 11
      BEDS
    • N/A
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 4,520
      SQFT
    • $148
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Information

    High School:

    Description

    Great upside...long term below market tenants.See included Proforma which highlights significant performance enhancement in year two.Newer roof/plywood, gutters, doors & windows.Convenient & well maintained 5 units in a triplex & duplex arrangement.All units have W&D hook ups & private backyards.9 parking spots.Write offer subject to interior inspection.

    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 2019-07-16T06:59:41.163.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/93397509

    2202 SE 162ND Ave Portland, OR 97233

    • Price: $699,900
    • Status: Sold
    • Updated: 84 min ago
    • MLS #: 19090931
    11
    Beds
    6
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,520
    SQFT
    $148
    $/SQFT
    1974
    Built
    Neighborhood:
    Centennial
    County:
    Multnomah
    Area:
    143-Portland Southeast
    High School:
    Centennial
    Property Description
    Great upside...long term below market tenants.See included Proforma which highlights significant performance enhancement in year two.Newer roof/plywood, gutters, doors & windows.Convenient & well maintained 5 units in a triplex & duplex arrangement.All units have W&D hook ups & private backyards.9 parking spots.Write offer subject to interior inspection.
    Exterior Features

    Exterior Description T-111 Siding Garage Or Parking Spaces 9 Lot Description Level Lot Size 15000 To 19999 Sqft Parking Description Paved Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Foundation Crawl Space Heating Description Wall Furnace Hot Water Description Electricity Unit Features DishwasherRangeRefrigeratorWasher/Dryer Hookup Unit Type1 Features DishwasherRangeRefrigeratorWasher/Dryer Hookup Unit Type1 Sq Ft 870 Unit Type2 Features DishwasherRangeRefrigeratorWasher/Dryer Hookup Unit Type2 Sq Ft 870 Unit Type3 Features RangeRefrigeratorWasher/Dryer Hookup Unit Type3 Sq Ft 870 Unit Type4 Features DishwasherRangeRefrigeratorWasher/Dryer Hookup Unit Type4 Sq Ft 870 Unit Type5 Features DishwasherRangeRefrigeratorWasher/Dryer Hookup Unit Type5 Sq Ft 1040

    Property Features

    Bank Owned YN No Capitalization Rate 6.12 Country Us Fuel Description Electricity Gross Income Actual 60864 Gross Income Projected 71736 Gross Rent Multiplier 11.50 Net Income Actual 42846 Net Income Projected 52556 Occupancy Types Leased Operating Expenses Actual 18018 Operating Expenses Projected 19180 Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Tax Amount 7901.25 Terms Of Sale Conventional Third Party Approval YN No Unit Type1 Rent 920 Unit Type1 Units Total 1 Unit Type2 Rent 927 Unit Type2 Units Total 1 Unit Type3 Rent 1150 Unit Type3 Units Total 1 Unit Type4 Rent 1170 Unit Type4 Units Total 1 Unit Type5 Rent 905 Unit Type5 Units Total 1 Utilities Included None Year Built Description Remodeled Zoning R2

    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 2019-07-16T06:59:41.163.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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