NE Portland 9-Unit Multi-Family Property For Sale

Posted by Portland Real Estate Cafe on Monday, January 11th, 2010 at 2:46pm.

NE Portland 9-Unit Multi-Family Property For Sale

Solid 9-unit complex near shopping, schools, MAX, freeway, and more. Nice mix of unit sizes. Recent updates to many units. Easy to maintain one level building with on-site laundry. Parking for 15 cars.  Very Low vacancy rates and easy to rent.  Upside on under market rents.

18008_ne_pacific_1
 

Total of 6490SF.  Nine units: 1 3BR, 5 2BR, 3 1BR units.  

Gross Income $26,740

Operating Expense $17,331

Net Income $47,219

CAP Rate = 7.0

Gross Rent Multiplier = 10.43

List Price $650,000

For more details of this listing see Property Detail Sheet

To see other multi-family property listings check out our Portland Multi-Family Property page

 

18008_ne_pacific_2_120  18008_ne_pacific_3_120 18008_ne_pacific_4_120

18008_ne_pacific_5_120  18008_ne_pacific_6_120 18008_ne_pacific_8_120

 

 

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