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4420 NE 54TH Ave

Portland, OR 97218
  • $1,050,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 21531913
UPDATED: 168 min ago
$1,050,000
  • 5
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 5,097
    SQFT
  • $206
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Information

Elementary School:
Middle School:
High School:

Description

Phenomonal investment opportunity in Cully! They don't come any more charming than this as-built 1941 5plex on a .39 acre lot w/ off street parking. Each unit has its own layout w/ a front & back door opening to fenced yard on both sides. Beautiful orig details incl woodwork, tile & wood floors. Solid rents & incredible upside potential w/ some personal touches. Potential to utilize the newly adopted RIP zoning to increase density on this large parcel. Available to tour by appt. DND tenants.

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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 2021-10-18T23:39:30.397.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/121837569
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4420 NE 54TH Ave Portland, OR 97218

  • Price: $1,050,000
  • Status: Active
  • Updated: 168 min ago
  • MLS #: 21531913
5
Beds
5
Baths
0
½ Baths
N/A
Acres
5,097
SQFT
$206
$/SQFT
1941
Built
Neighborhood:
142-Portland Northeast
County:
Multnomah
Area:
142-Portland Northeast
Elementary School:
Rigler
Middle School:
Beaumont
High School:
Leodis Mcdaniel
Property Description
Phenomonal investment opportunity in Cully! They don't come any more charming than this as-built 1941 5plex on a .39 acre lot w/ off street parking. Each unit has its own layout w/ a front & back door opening to fenced yard on both sides. Beautiful orig details incl woodwork, tile & wood floors. Solid rents & incredible upside potential w/ some personal touches. Potential to utilize the newly adopted RIP zoning to increase density on this large parcel. Available to tour by appt. DND tenants.
Exterior Features

Exterior Description Wood Siding Lot Description Level Lot Size 15000 To 19999 Sqft Parking Features CarportDetached Roof Type Composition View YN No Water Description Public

Interior Features

Basement Partial Basement Cooling Description None Foundation Details Concrete Perimeter Heating Description Hot Water Hot Water Description Gas Unit Features RangeRefrigeratorWood Floors Unit Type1 Features RangeRefrigeratorWood Floors Unit Type1 Sq Ft 660 Unit Type2 Features RangeRefrigeratorWood Floors Unit Type2 Sq Ft 660 Unit Type3 Features RangeRefrigeratorWood Floors Unit Type3 Sq Ft 660 Unit Type4 Features RangeRefrigeratorWood Floors Unit Type4 Sq Ft 660 Unit Type5 Features RangeRefrigeratorWood Floors Unit Type5 Sq Ft 660

Property Features

Bank Owned YN No Capitalization Rate 5.07 CCRs YN No Country Us Fuel Description Gas Gross Income Actual 68193 Gross Rent Multiplier 15.40 Net Income Actual 53248 Occupancy Types Leased Operating Expenses Actual 14945 Property Condition Existing Rent Includes Trash CollectionHeatSewerWater Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Tax Amount 7020.06 Third Party Approval YN No Unit Type1 Rent 1295 Unit Type1 Units Total 1 Unit Type2 Rent 1120 Unit Type2 Units Total 1 Unit Type3 Rent 995 Unit Type3 Units Total 1 Unit Type4 Rent 1300 Unit Type4 Units Total 1 Unit Type5 Rent 1250 Unit Type5 Units Total 1 Zoning R7

Listing provided courtesy of Think Real Estate.


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 2021-10-18T23:39:30.397.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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