4751 NE 99TH Ave

    Portland, OR 97220
    • $600,000
    • STATUS: Pending
    • ON SITE: 44 days
    • MLS #: 19626238
    Under Contract
    UPDATED: 20 min ago
    $600,000
    • 10
      BEDS
    • N/A
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 3,900
      SQFT
    • $154
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    A rare gem, rents are under market value which is an opportunity for you - Projected Cap Rate of 7.26% and a 9.09 Gross Rent Multiplier! Same owner for 26 years! New roof and exterior paint. Offer subjected to interior inspection, Please Do Not Disturb Tenants. Call Vinh for a proforma of this property. Owner is also open to seller financing with a large down payment.SOLD As-Is, seller to do no repairs.

    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 2019-05-25T08:59:21.887.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/93558011

    4751 NE 99TH Ave Portland, OR 97220

    • Price: $600,000
    • Status: Pending
    • Updated: 20 min ago
    • MLS #: 19626238
    10
    Beds
    5
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,900
    SQFT
    $154
    $/SQFT
    1966
    Built
    Neighborhood:
    Parkrose
    County:
    Multnomah
    Area:
    142-Portland Northeast
    Elementary School:
    Prescott
    Middle School:
    Parkrose
    High School:
    Parkrose
    Property Description
    A rare gem, rents are under market value which is an opportunity for you - Projected Cap Rate of 7.26% and a 9.09 Gross Rent Multiplier! Same owner for 26 years! New roof and exterior paint. Offer subjected to interior inspection, Please Do Not Disturb Tenants. Call Vinh for a proforma of this property. Owner is also open to seller financing with a large down payment.SOLD As-Is, seller to do no repairs.
    Exterior Features

    Exterior Description Wood Composite Garage Or Parking Spaces 6 Lot Description Level Lot Size 7000 To 9999 Sqft Parking Description OpenPaved Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Foundation Crawl Space Cooling Description Window Unit(S) Heating Description Zoned Hot Water Description Electricity Unit Features RangeRefrigeratorWasher/Dryer HookupWood Floors Unit Type1 Features RangeRefrigeratorWasher/Dryer HookupWood Floors Unit Type1 Sq Ft 780 Unit Type2 Features RangeRefrigeratorWasher/Dryer HookupWood Floors Unit Type2 Sq Ft 780 Unit Type3 Features RangeRefrigeratorWasher/Dryer HookupWood Floors Unit Type3 Sq Ft 780 Unit Type4 Features RangeRefrigeratorWasher/Dryer HookupWood Floors Unit Type4 Sq Ft 780 Unit Type5 Features RangeRefrigeratorWasher/Dryer HookupWood Floors Unit Type5 Sq Ft 780

    Property Features

    Bank Owned YN No Capitalization Rate 4.74 Country Us Fuel Description Electricity Gross Income Actual 50400 Gross Income Projected 66000 Gross Rent Multiplier 11.90 Net Income Actual 28460 Net Income Projected 43592 Occupancy Types Month To Month Operating Expenses Actual 20428 Operating Expenses Projected 20428 Security Or Entry EntryHandicap Access Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage Attached Tax Amount 5809.66 Third Party Approval YN No Unit Type1 Rent 900 Unit Type1 Units Total 1 Unit Type2 Rent 800 Unit Type2 Units Total 2 Unit Type3 Rent 850 Unit Type3 Units Total 3 Unit Type4 Rent 800 Unit Type4 Units Total 4 Unit Type5 Rent 850 Unit Type5 Units Total 5 Utilities Included Trash CollectionWaterLandscaping 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 2019-05-25T08:59:21.887.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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