The subject property consists of five units with covered parking on SE 30th Place, just a block off of E Burnside St, in the heart of Portland’s Close-In Eastside. All five units at the subject 5-plex are townhouse-style with two bedrooms and one bathroom and include a separate dining area… Read More with ample closet space. Averaging approximately 900 square feet, all units include a covered tuck-under parking space and a storage unit. Laundry is shared in the basement and is free for tenants to use. Over the last ten years every unit at the property has been renovated with new kitchens, fixtures, flooring, and paint. The rents at this turn-key property are below market, providing upside for a new owner. Read Less
Listing courtesy of Vitality Home Realty.
Listing Snapshot
Days Online
19
Last Updated
Year Built
1967
MLS Number
572561518
30 Days Snapshot Of 97214
$772k
+14%
(avg) sold price
15
-44%
homes sold
39
+30%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1967, Storage: IndividualStorageUnits, Unit Type Type: UnitTypeType1
Expenses
Operating Expense: $39,861
Exterior Features
Exterior Description: CementSiding, LapSiding
Foundation
Foundation Details: Slab
Heating
Heating: WallFurnace
Income
CAP Rate: 5.05, Gross Income: $110,840, Gross Rent Multiplier: 11.73, Net Operating Income: $65,612
Lot
Size Range: SqFt5000to6999, Size: 5,000 to 6,999 SqFt
Miscellaneous
Investor Information: AnnualPropertyOperationData
Parking
Features: Carport, Covered
Property
Number Of Units Total: 5, Property Condition: Existing, Zoning: mult
Roof
Roof: Flat
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $11,325, Legal Description
Unit One
Actual Rent: $1,789, Area: 900, Features: Dishwasher, Range, Refrigerator, Units Total: 5, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater
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