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2620 NE Lombard St

Portland, OR 97211
  • $825,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 22138921
UPDATED: 58 min ago
$825,000
  • 8
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,992
    SQFT
  • $276
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1966
County:

School Information

Elementary School:
Middle School:
High School:

Description

Solid investment in sought after Concordia neighborhood, 2 blocks to old Concordia U, being purchased by U of Oregon. Maintained mid-century with brand new roof + exterior paint. Low maintenance + taxes = low operation expenses. 10K lot, RM1 zoning allows for more units + development, + opportunity to acquire vacant lot next door from the City of Portland. Ask your agent for details. 6 covered parking , 5 storage units. $5575 monthly rent. 6% CAP. All payments current. Owner/Broker.

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Listing content is copyright © 2022 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 2022-05-16T06:39:48.85.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/127804356
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2620 NE Lombard St Portland, OR 97211

  • Price: $825,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 58 min ago
  • MLS #: 22138921
8
Beds
4
Baths
0
½ Baths
N/A
Acres
2,992
SQFT
$276
$/SQFT
1966
Built
Neighborhood:
Concordia
County:
Multnomah
Area:
142-Portland Northeast
Elementary School:
Faubion
Middle School:
Faubion
High School:
Jefferson
Property Description
Solid investment in sought after Concordia neighborhood, 2 blocks to old Concordia U, being purchased by U of Oregon. Maintained mid-century with brand new roof + exterior paint. Low maintenance + taxes = low operation expenses. 10K lot, RM1 zoning allows for more units + development, + opportunity to acquire vacant lot next door from the City of Portland. Ask your agent for details. 6 covered parking , 5 storage units. $5575 monthly rent. 6% CAP. All payments current. Owner/Broker.
Exterior Features

Exterior Description T-111 SidingWood Siding Lot Description Corner Lot Lot Size 10000 To 14999 Sqft Parking Features CarportGuest Roof Type Flat View YN No Water Description Public Water

Interior Features

Basement Crawl SpaceStorage Space Heating Description Zoned Hot Water Description Electricity Unit Features Hardwood FloorsRangeRefrigeratorStorageWasher/DryerWindow Coverings Unit Type1 Features Hardwood FloorsStorageWasher/DryerWindow Coverings Unit Type1 Sq Ft 748 Unit Type2 Features RangeStorageWasher/DryerWindow Coverings Unit Type2 Sq Ft 748 Unit Type3 Features RangeStorageWasher/DryerWindow Coverings Unit Type3 Sq Ft 748 Unit Type4 Features RangeRefrigeratorStorage Unit Type4 Sq Ft 748

Property Features

Bank Owned YN No Capitalization Rate 6.01 Country Us Fuel Description Electricity Gross Income Actual 66900 Gross Rent Multiplier 12.33 Net Income Actual 49620 Occupancy Types LeasedMonth To Month Operating Expenses Actual 17280 Property Condition Approximately Rent Includes Trash CollectionSewerWaterMaintenance Grounds School High2 Leodis Mcdaniel Security Features Security Lights Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage AttachedIndividual Storage Units Tax Amount 4538.44 Third Party Approval YN No Unit Type1 Rent 1400 Unit Type1 Units Total 1 Unit Type2 Rent 1450 Unit Type2 Units Total 1 Unit Type3 Rent 1450 Unit Type3 Units Total 1 Unit Type4 Rent 1275 Unit Type4 Units Total 1 Zoning Rm1

Listing provided courtesy of Living Room Realty.


Listing content is copyright © 2022 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 2022-05-16T06:39:48.85.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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