MLS# 24385776 – 12607 Sw 64th Ave, Portland, OR 97219 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Cascade Heritage Real Estate Group.

Property Description

Description

6 Units

Status: Active

Year Built: 1952

Days on Website: 69

Duplex/multi-family style property with maximized rental potential. Maximized rent potential earning $5,000/ month in rent. Sitting on a quarter-acre in a highly sought after location near I-5 and 217. Featuring two kitchens, a laundry room, and separate bedroom rentals, this property is perfect for long term/short term rentals. Airbnb, or multigenerational living. With all bedrooms currently rented individually, it's an immediate income generator. Don't miss out on this versatile investment. Perfect for house hacking or first time investors who would like to take advantage of the FHA loan benefits.

Property Details and Features

Property Access

Road Surface Type:

Gravel,Paved

Basement

Basement:

Daylight

Building

Building Area Total:

2300

Built in 1952

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6

Community

Community Features:

Laundry

Expenses

Operating Expense:

$9,400

Exterior Features

Exterior Description:

ShakeSiding

Heating

Heating Available

Heating:

ForcedAir95Plus

Income

CAP Rate:

7.77

Gross Income:

$60,000

Gross Rent Multiplier:

11.58

Gross Scheduled Income:

$60,000

Net Operating Income:

$54,000

Listing

Contract Status Change Date:

2024-09-13

Days On Market:

Last Transaction Date:

2024-10-09 13:25:41

List Price:

$695,000

Listing Contract Date:

2024-09-13

Listing Id:

24385776

Mls Status:

Active

Modification Timestamp:

2024-10-09 13:25:41

On Market Date:

2024-09-13

Previous List Price:

$730,000

Rent Includes:

Electricity,Heat,MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_148

County Or Parish:

Multnomah

Lot

Features:

GentleSloping,Secluded

Size Acres:

0.26

Size Range:

SqFt10000to14999

Size Square Feet:

11,325

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Driveway,RVAccessParking

Property

Number Of Units Total:

Zoning:

R10

Roof

Roof:

Composition

Schools

High School:

Tigard

Middle Or Junior School:

Jackson

Elementary School:

Markham

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$4,166

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$850

Area:

210

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$750

Area:

185

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$950

Area:

220

Units Total:

1 total bedroom

Unit Four

Actual Rent:

$800

Area:

200

Units Total:

1 total bedroom

Unit Five

Actual Rent:

$850

Area:

220

Units Total:

1 total bedroom

Unit Six

Actual Rent:

$950

Area:

240

Features:

Fireplace,Storage

Units Total:

1 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$695,000 -

12607 Sw 64th Ave Portland , OR 97219

MLS Area Major: _148

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.