MLS# 24409664 – 9630 Se Foster Rd, Portland, OR 97266 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of RE/MAX Equity Group.

Property Description

Description

3 Units

Status: Active

Year Built: 1979

Days on Website: 2

This updated triplex at 9630 SE Foster Rd, Portland presents an excellent investment opportunity. With a new roof and new siding, the property is in top condition, requiring minimal upkeep. Additionally, a 10% rent increase is set to take effect in August, enhancing the potential growth future cash flow. Located in a desirable area of Portland, this triplex offers both stability and growth potential for investors. Don’t miss the chance to add this turnkey property to your portfolio! left building Is for sale only

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

2424

Built in 1979

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling:

None

Expenses

Operating Expense:

$12,113

Exterior Features

Exterior Description:

CementSiding

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

4.46

Gross Income:

$43,368

Gross Rent Multiplier:

16.14

Net Operating Income:

$31,255

Listing

Contract Status Change Date:

2024-11-20

Days On Market:

Last Transaction Date:

2024-11-20 09:26:18

List Price:

$700,000

Listing Contract Date:

2024-11-20

Listing Id:

24409664

Mls Status:

Active

Modification Timestamp:

2024-11-20 09:26:18

On Market Date:

2024-11-20

Rent Includes:

TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.11

Size Range:

SqFt3000to4999

Size Square Feet:

4,791

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Assigned,Paved

3 total parking spots

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

CM3

Roof

Roof:

Composition

Schools

High School:

Franklin

Middle Or Junior School:

Lane

Elementary School:

Kelly

Security Features

Features:

Unknown

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,221

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,100

Area:

808

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,189

Area:

808

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,325

Area:

808

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$700,000 -

9630 Se Foster Rd Portland , OR 97266

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.