405 NE 62ND AVE, Portland, OR 97213

$599,900
List Price
$599,900
Days on Market
53
MLS#
20070740
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland Northeast
Status
Active

Property Description

Excellent opportunity on this close-in, fully-occupied upgraded duplex with zoning potential for ADDITIONAL UNITS! One of the few duplexes on the East side with a view and room to grow. New windows, flooring, deck, paint, fence and upgraded interiors make this desirable duplex easy to rent. Nearby shopping, bus lines, freeway access and bars/pubs. Great purchase as an investor or owner occupant. Do Not Disturb Tenants. Call today for additional details.

Additional Information

Tax Amount
$4,520
Year Built
1965
High School
Franklin
Elementary School
Glencoe
Middle School
Mt Tabor
Stories
2
Terms
Cash, Conventional, FHA
Fuel Description
Electricity
Heating Description
Forced Air
Hot Water Description
Electricity
Exterior Description
Brick, Wood Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
View
City
Sq Ft Approximate Building Total
1632
Capitalization Rate
4.68
Operating Expenses Actual
7140
Gross Income Actual
35200
Gross Rent Multiplier
17.04
Net Income Actual
28060
Occupancy Types
Leased, Month To Month
Number Of Units Total
2
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1540
Unit Type One Sq Ft
816
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
1495
Unit Type Two Sq Ft
816
Unit Type Two Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Garcia Group Real Estate Services.

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