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    7603 N Gravenstein Ave

    Portland, OR 97217
    • $1,600,000
    • STATUS: Active
    • ON SITE: 181 days
    • MLS #: 21167517
    UPDATED: 66 min ago
    $1,600,000
    • 16
      BEDS
    • N/A
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 4,492
      SQFT
    • $356
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1997
    County:

    School Information

    Middle School:

    Description

    Excellent investment opportunity. Property has had recent upgrades and is very well maintained. Owner recently installed Solar panels, to facilitate energy efficiency. One block from public transit, shopping, and services. This property fills a growing need in our city for affordable housing, while at the same time providing the owner an excellent income opportunity. Outstanding location in up and coming area. Don't miss this investment!

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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 2021-07-28T17:39:51.003.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/113682819
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    7603 N Gravenstein Ave Portland, OR 97217

    • Price: $1,600,000
    • Status: Active
    • Updated: 66 min ago
    • MLS #: 21167517
    16
    Beds
    6
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,492
    SQFT
    $356
    $/SQFT
    1997
    Built
    Neighborhood:
    141-Portland North
    County:
    Multnomah
    Area:
    141-Portland North
    Middle School:
    Other
    Property Description
    Excellent investment opportunity. Property has had recent upgrades and is very well maintained. Owner recently installed Solar panels, to facilitate energy efficiency. One block from public transit, shopping, and services. This property fills a growing need in our city for affordable housing, while at the same time providing the owner an excellent income opportunity. Outstanding location in up and coming area. Don't miss this investment!
    Exterior Features

    Exterior Description Vinyl Siding Lot Description Corner LotLevel Lot Size 5000 To 6999 Sqft Parking Features Open Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Crawl Space Foundation Details Concrete Perimeter Heating Description Zoned Hot Water Description Electricity Unit Type1 Sq Ft 1497 Unit Type2 Sq Ft 1497 Unit Type3 Sq Ft 1497

    Property Features

    Bank Owned YN No Capitalization Rate 1.98 Common Amenities CommonsLaundry Country Us Fuel Description Electricity Gross Income Actual 70568 Gross Income Projected 145152 Gross Rent Multiplier 22.67 Net Income Actual 31748 Net Income Projected 107152 Occupancy Types Month To Month Operating Expenses Actual 38819 Operating Expenses Projected 38000 Property Condition Updated/Remodeled Rent Includes ElectricityTrash CollectionHeatSewerWaterMaintenance Grounds Security Features Limited AccessSecurity Lights Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage None Tax Amount 9680.80 Third Party Approval YN No Unit Type1 Rent 3375 Unit Type1 Units Total 1 Unit Type2 Rent 3450 Unit Type2 Units Total 1 Unit Type3 Rent 4000 Unit Type3 Units Total 1 Zoning R1

    Listing provided courtesy of Residential Realty Northwest.


    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 2021-07-28T17:39:51.003.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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