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918 SE 16TH Ave

Portland, OR 97214
  • $825,000
  • STATUS: Active
  • ON SITE: 107 Days
  • MLS #: 21086837
UPDATED: 96 min ago
$825,000
  • 5
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,350
    SQFT
  • $351
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1890
County:

School Information

Elementary School:
Middle School:
High School:

Description

Location-Location-Location! Incredible opportunity to own a great rental property in the heart of Portland. (Or transform it back into a single-family residence!) Walkability score is through the roof. Bike to downtown in ten minutes. Top-tier Internet connectivity: CenturyLink Fiber up to 940Mbps; Xfinity cable up to 2000 Mbps. Lots of off-street parking. Rent for current tenant has not been raised since June 2017. Two units on first floor are vacant. Property is being sold "AS-IS."

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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 2021-10-15T23:40:45.167.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/118859353
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918 SE 16TH Ave Portland, OR 97214

  • Price: $825,000
  • Status: Active
  • Updated: 96 min ago
  • MLS #: 21086837
5
Beds
3
Baths
0
½ Baths
N/A
Acres
2,350
SQFT
$351
$/SQFT
1890
Built
Neighborhood:
Buckman
County:
Multnomah
Area:
143-Portland Southeast
Elementary School:
Buckman
Middle School:
Hosford
High School:
Cleveland
Property Description
Location-Location-Location! Incredible opportunity to own a great rental property in the heart of Portland. (Or transform it back into a single-family residence!) Walkability score is through the roof. Bike to downtown in ten minutes. Top-tier Internet connectivity: CenturyLink Fiber up to 940Mbps; Xfinity cable up to 2000 Mbps. Lots of off-street parking. Rent for current tenant has not been raised since June 2017. Two units on first floor are vacant. Property is being sold "AS-IS."
Exterior Features

Exterior Description Shingle SidingWood Siding Lot Size 5000 To 6999 Sqft Parking Features CarportPaved Roof Type Composition View YN No Water Description Public

Interior Features

Basement Exterior Entry Foundation Details Block Heating Description Forced Air Hot Water Description Gas Unit Features RangeRefrigeratorStorageWasher/Dryer Unit Type1 Features RangeRefrigeratorStorageWasher/Dryer Unit Type1 Sq Ft 795 Unit Type2 Features RangeRefrigeratorStorage Unit Type2 Sq Ft 507 Unit Type3 Features RangeRefrigeratorStorageWasher/Dryer Unit Type3 Sq Ft 1053

Property Features

Bank Owned YN No Capitalization Rate 4.62 CCRs YN No Country Us Fuel Description Gas Gross Income Actual 55020 Gross Income Projected 61800 Gross Rent Multiplier 14.99 Net Income Actual 38108 Net Income Projected 44889 Occupancy Types Month To MonthVacant Operating Expenses Actual 16911 Operating Expenses Projected 16911 Property Condition Existing Rent Includes Heat Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage Basement Tax Amount 8147.76 Third Party Approval YN No Unit Type1 Rent 1650 Unit Type1 Units Total 1 Unit Type2 Rent 1035 Unit Type2 Units Total 1 Unit Type3 Rent 1900 Unit Type3 Units Total 1 Zoning R2.5

Listing provided courtesy of Moustache Real Estate Club.


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.
 
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