Skip To Content

6409 NE Going St

Portland, OR 97218
  • $1,220,000
  • STATUS: Active
  • ON SITE: 193 Days
  • MLS #: 21191514
UPDATED: 158 min ago
$1,220,000
  • 10
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 6,603
    SQFT
  • $185
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Information

Elementary School:
Middle School:
High School:

Description

2020 rents low due to remodeling. Outstanding rents. All five remodeled rental units. A top notch rehab last year. Look at the pictures. This is NOT an inexpensive rehab. If you invest in this property, be assured you will be buying a quality property. Priced below comps. Please do not talk to or disturb the tenants. Interior inspection shown only after acceptance of an offer. Excellent cash flow and ROI. 12.4 GRM. 5.3% Cap Rate, based on current rents.

Monthly Payment Calculator



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 2021-10-15T23:40:45.167.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/115778582
Print Image

6409 NE Going St Portland, OR 97218

  • Price: $1,220,000
  • Status: Active
  • Updated: 158 min ago
  • MLS #: 21191514
10
Beds
4
Baths
0
½ Baths
N/A
Acres
6,603
SQFT
$185
$/SQFT
1926
Built
Neighborhood:
Cully
County:
Multnomah
Area:
142-Portland Northeast
Elementary School:
Scott
Middle School:
Roseway Heights
High School:
Leodis Mcdaniel
Property Description
2020 rents low due to remodeling. Outstanding rents. All five remodeled rental units. A top notch rehab last year. Look at the pictures. This is NOT an inexpensive rehab. If you invest in this property, be assured you will be buying a quality property. Priced below comps. Please do not talk to or disturb the tenants. Interior inspection shown only after acceptance of an offer. Excellent cash flow and ROI. 12.4 GRM. 5.3% Cap Rate, based on current rents.
Exterior Features

Lot Description Level Lot Size 15000 To 19999 Sqft Parking Features Open Roof Type Composition View YN No Water Description Public

Interior Features

Basement Crawl Space Foundation Details Concrete Perimeter Heating Description Wall Furnace Hot Water Description Electricity Unit Features DishwasherMicrowaveRangeRefrigerator Unit Type1 Features DishwasherMicrowaveRangeRefrigerator Unit Type1 Sq Ft 1811 Unit Type2 Features DishwasherMicrowaveRangeRefrigerator Unit Type2 Sq Ft 1022 Unit Type3 Features DishwasherMicrowaveRangeRefrigerator Unit Type3 Sq Ft 1022 Unit Type4 Features DishwasherMicrowaveRangeRefrigerator Unit Type4 Sq Ft 1022

Property Features

Bank Owned YN No Capitalization Rate 0.20 CCRs YN No Country Us Fuel Description Electricity Gross Income Actual 36758 Gross Income Projected 99000 Gross Rent Multiplier 33.19 Net Income Actual 2475 Occupancy Types LeasedMonth To Month Operating Expenses Actual 34283 Property Condition Updated/Remodeled Rent Includes SewerWater Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Tax Amount 3421.78 Third Party Approval YN No Unit Type1 Rent 2015 Unit Type1 Units Total 1 Unit Type2 Rent 1495 Unit Type2 Units Total 2 Unit Type3 Rent 1595 Unit Type3 Units Total 1 Unit Type4 Rent 2060 Unit Type4 Units Total 1 Zoning R7

Listing provided courtesy of More Realty.


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 2021-10-15T23:40:45.167.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.
 
https://bt-photos.global.ssl.fastly.net/portland/1280_boomver_1_21191514-2.jpg https://bt-photos.global.ssl.fastly.net/portland/1280_boomver_1_21191514-2.jpg https://bt-photos.global.ssl.fastly.net/portland/1280_boomver_1_21191514-2.jpg
Logo
Next Home Realty Connection
,