MLS# 24360143 – 824 Se 30th Ave, Portland, OR 97214 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of RE/MAX Equity Group.

Property Description

Description

12 Units

Status: Active

Year Built: 1914

Neighborhood: Sunnyside / Belmont

Days on Website: 86

Don't miss this chance to own a great investment property in the popular Belmont-Hawthorne neighborhood! This 12 unit apartment building has hardwood floors and classic charm in the heart of everything. Stable tenants. Your chance to acquire this gem in your portfolio. Owner Carried Contract available with 750k down payment at 5% due & payable in 5yrs.

Property Details and Features

Building

Building Area Total:

6538

Built in 1914

Unit Type Type:

UnitTypeType1,UnitTypeType10,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6,UnitTypeType7,UnitTypeType8,UnitTypeType9

Expenses

Operating Expense:

$46,591

Exterior Features

Exterior Description:

Stucco

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

5.23

Gross Income:

$173,883

Gross Rent Multiplier:

11.5

Net Operating Income:

$104,452

Listing

Contract Status Change Date:

2024-09-26

Days On Market:

Last Transaction Date:

2024-11-01 11:53:57

List Price:

$1,999,000

Listing Contract Date:

2024-09-26

Listing Id:

24360143

Mls Status:

Active

Modification Timestamp:

2024-11-01 11:53:57

On Market Date:

2024-09-26

Rent Includes:

TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

SUNNYSIDE / BELMONT

County Or Parish:

Multnomah

Lot

Size Dimensions:

4500 sq ft

Size Range:

SqFt3000to4999

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AnnualPropertyOperationData,RentRecords

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

RM2

Schools

High School:

Franklin

Middle Or Junior School:

Sunnyside Env

Elementary School:

Sunnyside Env

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$18,453

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,075

Area:

502

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$1,200

Area:

502

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$1,250

Area:

502

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$1,295

Area:

502

Units Total:

1 total bathroom

1 total bedroom

Unit Five

Actual Rent:

$950

Area:

350

Units Total:

1 total bathroom

Unit Six

Actual Rent:

$960

Area:

350

Units Total:

1 total bathroom

Unit Seven

Actual Rent:

$930

Area:

350

Units Total:

1 total bathroom

Unit Eight

Actual Rent:

$1,100

Area:

474

Units Total:

1 total bathroom

1 total bedroom

Unit Nine

Actual Rent:

$1,050

Area:

496

Units Total:

1 total bathroom

1 total bedroom

Unit Ten

Actual Rent:

$1,150

Area:

496

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Gas

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,999,000 -

824 Se 30th Ave Portland , OR 97214

MLS Area Major: _143

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on December 20, 2024 11:49PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.