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6850 NE Emerson St

Portland, OR 97218
  • $725,000
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: 22349863
UPDATED: 109 min ago
$725,000
  • 5
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Information

Elementary School:
Middle School:

Description

Excellent income producing property with terrific CAP Rate (7.73%). All Units leased. Large 3 bedrooms/2 bathrooms detached house, charming 2 bedrooms/1 bathroom detached house, large mechanic shop plus studio inside grandfathered for use and 2 detached garage rented separately. All units currently rented.

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Listing content is copyright © 2022 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 2022-05-15T23:40:06.093.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/126536374
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6850 NE Emerson St Portland, OR 97218

  • Price: $725,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 109 min ago
  • MLS #: 22349863
5
Beds
4
Baths
0
½ Baths
N/A
Acres
1952
Built
Neighborhood:
142-Portland Northeast
County:
Multnomah
Area:
142-Portland Northeast
Elementary School:
Scott
Middle School:
Roseway Heights
Property Description
Excellent income producing property with terrific CAP Rate (7.73%). All Units leased. Large 3 bedrooms/2 bathrooms detached house, charming 2 bedrooms/1 bathroom detached house, large mechanic shop plus studio inside grandfathered for use and 2 detached garage rented separately. All units currently rented.
Exterior Features

Exterior Description Vinyl Siding Lot Description Level Lot Size 15000 To 19999 Sqft Roof Type Composition View YN No Water Description Public Water

Interior Features

Basement Partial Basement Cooling Description None Foundation Details Slab Heating Description Forced Air Hot Water Description Electricity Unit Features RangeRefrigeratorWasher/DryerWood Floors Unit Type1 Features RangeRefrigeratorWasher/DryerWood Floors Unit Type1 Sq Ft 1854 Unit Type2 Features RangeRefrigeratorWasher/Dryer Unit Type2 Sq Ft 578 Unit Type3 Features RangeRefrigeratorWasher/Dryer Unit Type3 Sq Ft 1900 Unit Type4 Sq Ft 468

Property Features

Bank Owned YN No Capitalization Rate 7.59 Country Us Fuel Description Gas Gross Income Actual 70821 Gross Income Projected 72600 Gross Rent Multiplier 10.24 Net Income Actual 55040 Net Income Projected 56819 Operating Expenses Actual 15781 Operating Expenses Projected 15781 Property Condition Restored Rent Includes Trash CollectionSewerWater Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Tax Amount 6544.14 Third Party Approval YN No Unit Type1 Rent 2100 Unit Type1 Units Total 1 Unit Type2 Rent 1350 Unit Type2 Units Total 1 Unit Type3 Rent 2500 Unit Type3 Units Total 1 Unit Type4 Units Total 1 Zoning R7

Listing provided courtesy of Homebase Real Estate Group.


Listing content is copyright © 2022 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 2022-05-15T23:40:06.093.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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