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NE Portland 9-Unit Multi-Family Property For Sale
Posted by Portland Real Estate Cafe on Monday, January 11th, 2010 at 4:46pm.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.
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
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