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    6040 NE Killingsworth St

    Portland, OR 97218
    • $799,900
    • STATUS: Active
    • ON SITE: 305 days
    • MLS #: 20282959
    UPDATED: 28 min ago
    $799,900
    • 8
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,120
      SQFT
    • $256
      $/SQFT
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Below market rents & fully occupied with long-term tenants. Immediate value with rent bump. Excellent ARV opportunity. Property features 2 separate duplexes on 2 tax lots. Zoning for 1 lot is RM1, which supports up to 5 additional units. Zoning for the other is CM1, which also supports additional units. Each unit has 2 bedrooms, fireplace, wash/dry hookups, & upgraded fixtures in kitchens & bathrooms. Located on the TriMet bus line near shopping & restaurants. Please do not disturb 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 2021-08-04T07:39:35.947.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/110642197
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    6040 NE Killingsworth St Portland, OR 97218

    • Price: $799,900
    • Status: Active
    • Updated: 28 min ago
    • MLS #: 20282959
    8
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,120
    SQFT
    $256
    $/SQFT
    1979
    Built
    Neighborhood:
    Cully Association Of Neighbors
    County:
    Multnomah
    Area:
    142-Portland Northeast
    Elementary School:
    Scott
    Middle School:
    Roseway Heights
    High School:
    Leodis Mcdaniel
    Property Description
    Below market rents & fully occupied with long-term tenants. Immediate value with rent bump. Excellent ARV opportunity. Property features 2 separate duplexes on 2 tax lots. Zoning for 1 lot is RM1, which supports up to 5 additional units. Zoning for the other is CM1, which also supports additional units. Each unit has 2 bedrooms, fireplace, wash/dry hookups, & upgraded fixtures in kitchens & bathrooms. Located on the TriMet bus line near shopping & restaurants. Please do not disturb tenants.
    Exterior Features

    Exterior Description T-111 Siding Lot Description On Busline Lot Size 10000 To 14999 Sqft Parking Features OpenPaved Roof Type Composition View YN No Water Description Public

    Interior Features

    Foundation Details Concrete Perimeter Heating Description Baseboard Hot Water Description Electricity Unit Features DishwasherFireplaceRangeRefrigerator Unit Type1 Features DishwasherFireplaceRangeRefrigerator Unit Type1 Sq Ft 780 Unit Type2 Features DishwasherFireplaceRangeRefrigerator Unit Type2 Sq Ft 780 Unit Type3 Features DishwasherFireplaceRangeRefrigerator Unit Type3 Sq Ft 780 Unit Type4 Features DishwasherFireplaceRangeRefrigerator Unit Type4 Sq Ft 780

    Property Features

    Bank Owned YN No Capitalization Rate 5.32 CCRs YN No Country Us Fuel Description Electricity Gross Income Actual 53220 Gross Income Projected 62160 Gross Rent Multiplier 15.03 Net Income Actual 42530 Net Income Projected 54129 Operating Expenses Actual 8031 Operating Expenses Projected 8145 Rent Includes Trash CollectionSewerWaterMaintenance Grounds Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Tax Amount 7002.19 Third Party Approval YN No Unit Type1 Rent 1150 Unit Type1 Units Total 1 Unit Type2 Rent 990 Unit Type2 Units Total 1 Unit Type3 Rent 1015 Unit Type3 Units Total 1 Unit Type4 Rent 990 Unit Type4 Units Total 1 Zoning Cm1/Rm1

    Listing provided courtesy of Realty One Group Prestige.


    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 2021-08-04T07:39:35.947.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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