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    3503 SE 153RD Ave

    Portland, OR 97236
    • $510,000
    • STATUS: Active
    • ON SITE: 33 days
    • MLS #: 21112646
    UPDATED: 74 min ago
    $510,000
    • 5
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,030
      SQFT
    • $251
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1999
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Incredible opportunity to own a charming and professionally managed single-level duplex near the base of Powell Butte just off HWY 26. Both units with private patios & individual garages were recently remodeled and are very well maintained. Don't miss this turn-key investment opportunity as long time tenants would like to stay in place. Interior inspection after acceptance of an offer. Excellent cash flow and ROI potential here based on current below market rents: Cap rate 4.5% GRM 14.8x

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    Listing content is copyright © 2021 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 2021-09-26T11:39:40.403.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/120747714
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    3503 SE 153RD Ave Portland, OR 97236

    • Price: $510,000
    • Status: Active
    • Updated: 74 min ago
    • MLS #: 21112646
    5
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,030
    SQFT
    $251
    $/SQFT
    1999
    Built
    Neighborhood:
    143-Portland Southeast
    County:
    Multnomah
    Area:
    143-Portland Southeast
    Elementary School:
    Powell Butte
    Middle School:
    Centennial
    High School:
    Centennial
    Property Description
    Incredible opportunity to own a charming and professionally managed single-level duplex near the base of Powell Butte just off HWY 26. Both units with private patios & individual garages were recently remodeled and are very well maintained. Don't miss this turn-key investment opportunity as long time tenants would like to stay in place. Interior inspection after acceptance of an offer. Excellent cash flow and ROI potential here based on current below market rents: Cap rate 4.5% GRM 14.8x
    Exterior Features

    Exterior Description Vinyl Siding Lot Description Corner LotLevel Lot Size 7000 To 9999 Sqft Parking Features Attached Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Crawl Space Cooling Description Central Air Foundation Details Slab Heating Description Forced Air Hot Water Description Gas Unit Features RangeRefrigeratorWasher/DryerAir Conditioning Unit Type1 Features RangeRefrigeratorWasher/DryerAir Conditioning Unit Type1 Sq Ft 830 Unit Type2 Features RangeRefrigeratorWasher/DryerAir Conditioning Unit Type2 Sq Ft 1200

    Property Features

    Bank Owned YN No Capitalization Rate 4.72 CCRs YN No Country Us Fuel Description Gas Gross Income Actual 36375 Gross Income Projected 43200 Gross Rent Multiplier 14.02 Net Income Actual 24065 Net Income Projected 30891 Occupancy Types Leased Operating Expenses Actual 12309 Operating Expenses Projected 12309 Property Condition Updated/Remodeled Rent Includes Trash CollectionWater Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage Garage(S) Tax Amount 5393.92 Third Party Approval YN No Unit Type1 Rent 1500 Unit Type1 Units Total 1 Unit Type2 Rent 1625 Unit Type2 Units Total 1 Zoning R5

    Listing provided courtesy of Exp Realty, Llc.


    Listing content is copyright © 2021 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 2021-09-26T11:39:40.403.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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