MLS# 24376013 – 2309 Se 90th Ave, Portland, OR 97216 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of eXp Realty, LLC.

Property Description

Description

4 Units

Status: Active

Year Built: 1996

Neighborhood: Montavilla

Days on Website: 4

Please do no disturb tenants. Multi-dwelling property dream! Spacious 1925 Montavilla Bungalow with a tri-plex in the back. The cozy bungalow boasts 2 bedrooms, 1 bathroom, and a unfinished basement awaiting its makeover magic! Each unit in the tri-plex offers three bedrooms and two and a half bathrooms. Discover the investment potential that this property holds. Listing agent Risa Davis is an Oregon Licensed realtor and the Trustee to the property.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

Unfinished

Building

Built in 1996

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

21000

Operating Expense:

$20,249

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

5.94

Gross Income:

$82,151

Gross Rent Multiplier:

15.76

Gross Scheduled Income:

$98,451

Net Operating Income:

$76,931

Net Scheduled Income:

77451

Listing

Contract Status Change Date:

2024-11-17

Days On Market:

Last Transaction Date:

2024-11-17 11:52:00

List Price:

$1,295,000

Listing Contract Date:

2024-11-17

Listing Id:

24376013

Mls Status:

Active

Modification Timestamp:

2024-11-21 01:23:05

On Market Date:

2024-11-17

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

MONTAVILLA

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.34

Size Range:

SqFt10000to14999

Size Square Feet:

14,810

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

ProfitLossStatement,RentRecords

Parking

Features:

Garage,Paved

4 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

R-1

Roof

Roof:

Composition

Schools

High School:

Leodis McDaniel

Middle Or Junior School:

Harrison Park

Elementary School:

Clark

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$15,029

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,995

Area:

1291

Features:

Dishwasher,Range,Refrigerator

Units Total:

3 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,995

Area:

1429

Features:

HardwoodFloors,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$2,095

Area:

1291

Units Total:

3 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

[+] Read More

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,295,000 -

2309 Se 90th Ave Portland , OR 97216

MLS Area Major: _143

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 21, 2024 12:08AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.