MLS# 23298140 – 5429 Se Rhone St, Portland, OR 97206 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Eleete Real Estate.

Property Description

Description

5 Units

Status: Active

Year Built: 1965

Neighborhood: Foster Powell

Days on Website: 489

inspection issues that caused the prior transaction to fall apart have been addressed, call for details. Paying renters are in place and units are in good condition!Well maintained 5-plex in Foster Powell! Great rental history and maintenance history. Only a couple blocks from the carts on Foster food carts and other coffee shops. Four similar units and one larger two level unit. Property is pretty turnkey, just step right in as the new owner! Photos are of one unit but are representative of all the units, all are in similar condition. Not all commercial lenders are the same, names of lenders are on file of several with unique qualifying criteria.

Property Details and Features

Unit One

2 total bedroom

Actual Rent:

$1,450

Area:

800

Features:

Deck,Dishwasher,Range,Refrigerator

Units Total:

1 total bathroom

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

3256

Built in 1965

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5

Community

Community Features:

Laundry

Expenses

Operating Expense:

$26,848

Exterior Features

Exterior Description:

Brick,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Baseboard,Ceiling

Income

CAP Rate:

5.88

Gross Income:

$78,600

Gross Rent Multiplier:

11.2

Gross Scheduled Income:

$94,200

Net Operating Income:

$51,752

Listing

Contract Status Change Date:

2023-07-21

Days On Market:

489

Last Transaction Date:

2024-11-10 19:44:36

List Price:

$880,000

Listing Contract Date:

2023-07-21

Listing Id:

23298140

Mls Status:

Active

Modification Timestamp:

2024-11-10 19:44:36

On Market Date:

2023-07-21

Previous List Price:

$890,000

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

Foster Powell

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.11

Size Dimensions:

50x100

Size Range:

SqFt5000to6999

Size Square Feet:

4,791

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases,ProfitLossStatement,RentRecords

Parking

Features:

Paved

8 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

RM2

Roof

Roof:

Flat

Schools

High School:

Franklin

Middle Or Junior School:

Kellogg

Elementary School:

Creston

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$9,473

Legal Description

Tax Year:

2024

Unit Two

Actual Rent:

$1,250

Area:

600

Features:

Deck,Dishwasher,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,300

Area:

600

Features:

Deck,Dishwasher,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,300

Area:

600

Features:

Deck,Dishwasher,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Five

Actual Rent:

$1,250

Area:

600

Features:

Deck,Dishwasher,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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$880,000 - Br/0Ba - for Sale in Foster Powell, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$880,000 -

5429 Se Rhone St Portland , OR 97206

MLS Area Major: _143

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 12:47PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.