400 NE 63RD AVE, Portland, OR 97213

$950,000
List Price
$950,000
Days on Market
52
MLS#
20343600
Property Type
Multifamily
Lot Size
10, 000 to 14, 999 SqFt
Region
Portland Northeast
Status
Active

Property Description

Great chance to purchase this 4-plex with development or expansion opportunity zoned RM2. HUGE lot in the inner city with a solid performing fully-occupied multifamily. The back 1/2 of the property is private, leaving room to expand or develop. Access to bus, shopping, freeways and inner city as well as updated units with decks or patios make these units very desirable and minimize vacancy. Don't miss your chance to invest and grow! Call today for more information! DND Tenants!

Additional Information

Tax Amount
$9,274
Year Built
1967
High School
Franklin
Elementary School
Glencoe
Middle School
Mt Tabor
Stories
2
Terms
Cash, Conventional, FHA
Fuel Description
Electricity
Heating Description
Baseboard
Hot Water Description
Electricity
Exterior Description
Wood Composite, Wood Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
3728
Capitalization Rate
5.57
Operating Expenses Actual
15659
Gross Income Actual
68607
Gross Rent Multiplier
13.85
Net Income Actual
52948
Occupancy Types
Leased, Month To Month
Number Of Units Total
4
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1460
Unit Type One Sq Ft
932
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
1525
Unit Type Two Sq Ft
932
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
1395
Unit Type Three Sq Ft
932
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
2
Unit Type Four Rent
1290
Unit Type Four Sq Ft
932
Unit Type Four Units Total
1

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Garcia Group Real Estate Services.

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