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    9038 SW 25TH Ave

    Portland, OR 97219
    • $1,890,000
    • STATUS: Active
    • ON SITE: 27 Days
    • MLS #: 21434887
    Price Reduced
    $1,890,000
    • 11
      BEDS
    • N/A
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 5,816
      SQFT
    • $325
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1943
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    This is an AMAZING property with a TON of income potential. 2 adjacent tax lots equaling 1.1 acres - 9038 SW 25th & 9101 SW 23rd. Includes 5 separate residences, 3 single family homes and 1 duplex. All are occupied by tenants who are on year leases with rents totaling nearly $100k per year. Potentially 2 more building sites for development. All quality homes surrounded by large trees and mature landscaping. In fantastic location with easy I-5 access, quick commute to downtown.

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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 2021-10-19T23:39:49.007.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/121673170
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    9038 SW 25TH Ave Portland, OR 97219

    • Price: $1,890,000
    • Status: Active
    • MLS #: 21434887
    11
    Beds
    7
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,816
    SQFT
    $325
    $/SQFT
    1943
    Built
    Neighborhood:
    Markham
    County:
    Multnomah
    Area:
    Portland Nw/ Sw/ S, Raleigh Hills
    Elementary School:
    Capitol Hill
    Middle School:
    Jackson
    High School:
    Ida B Wells
    Property Description
    This is an AMAZING property with a TON of income potential. 2 adjacent tax lots equaling 1.1 acres - 9038 SW 25th & 9101 SW 23rd. Includes 5 separate residences, 3 single family homes and 1 duplex. All are occupied by tenants who are on year leases with rents totaling nearly $100k per year. Potentially 2 more building sites for development. All quality homes surrounded by large trees and mature landscaping. In fantastic location with easy I-5 access, quick commute to downtown.
    Exterior Features

    Exterior Description Wood Siding Lot Description LevelGentle Sloping Lot Size 1 To 2.99 Acres Parking Features AttachedDetached Roof Type Composition View Territorial View YN Yes Water Description Public

    Interior Features

    Foundation Details Concrete Perimeter Heating Description Forced Air Hot Water Description Electricity Unit Features DeckDishwasherFireplaceHardwood FloorsMicrowave Unit Type1 Features DishwasherFireplaceMicrowave Unit Type1 Sq Ft 1152 Unit Type2 Features DeckDishwasherHardwood FloorsMicrowave Unit Type2 Sq Ft 1704 Unit Type3 Features DishwasherHardwood Floors Unit Type3 Sq Ft 516 Unit Type4 Features DeckDishwasherFireplaceHardwood Floors Unit Type4 Sq Ft 1310 Unit Type5 Features DeckDishwasherFireplaceHardwood Floors Unit Type5 Sq Ft 1134

    Property Features

    Bank Owned YN No Capitalization Rate 5.26 CCRs YN No Country Us Fuel Description Electricity Gross Income Actual 99504 Gross Rent Multiplier 18.99 Net Income Actual 99504 Occupancy Types Leased Operating Expenses Actual 84040 Property Condition Approximately Rent Includes Trash CollectionWater Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Tax Amount 15464.00 Third Party Approval YN No Unit Type1 Rent 883 Unit Type1 Units Total 1 Unit Type2 Rent 2297 Unit Type2 Units Total 2 Unit Type3 Rent 1300 Unit Type3 Units Total 3 Unit Type4 Rent 2000 Unit Type4 Units Total 4 Unit Type5 Rent 1900 Unit Type5 Units Total 5 Zoning R7

    Listing provided courtesy of Keller Williams Realty Professionals.


    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 2021-10-19T23:39:49.007.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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