MLS# 24441124 – 8021 Ne Flanders St, Portland, OR 97213 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Windermere Heritage.

Property Description

Description

3 Units

Status: Active

Year Built: 1997

Neighborhood: Montavilla / North Tabor

Days on Website: 157

Long term tenants in all units. Monthly cash flow, possible FHA financing for owner occupied with as little as 3.5% down and have other rents pay for your mortgage!? This is a positive cash flow investment even at 8% interest. Contact you bank or lender for details. UNIT 1: Spacious 3-bed, 2-bath unit with on-street parking, currently on a month-to-month lease, UNIT 2: 3 bed, 1.5 bath unit with single car garage AND carport yearly lease. UNIT 3: 2-bed, 1-bath unit w/ single car garage and carport MTM.

Property Details and Features

Income

CAP Rate:

5.92

Gross Income:

$55,884

Gross Rent Multiplier:

14.58

Net Operating Income:

$48,223

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

3217

Built in 1997

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Expenses

Operating Expense:

$7,660

Exterior Features

Exterior Description:

LapSiding,VinylSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir

Listing

Contract Status Change Date:

2024-06-15

Days On Market:

158

Last Transaction Date:

2024-09-25 12:22:01

List Price:

$814,998

Listing Contract Date:

2024-06-15

Listing Id:

24441124

Mls Status:

Active

Modification Timestamp:

2024-09-25 12:22:01

On Market Date:

2024-06-15

Previous List Price:

$824,998

Rent Includes:

CableTV,Electricity,Gas,Heat,Sewer,Water

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

MONTAVILLA / NORTH TABOR

County Or Parish:

Multnomah

Lot

Size Acres:

0.09

Size Range:

SqFt3000to4999

Size Square Feet:

3,920

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Carport,Garage

2 total parking spots

Property

Number Of Units Total:

Property Condition:

Restored

Property View

Zoning:

RM-2

Roof

Roof:

Composition,Shingle

Schools

High School:

Leodis McDaniel

Middle Or Junior School:

Roseway Heights

Elementary School:

Vestal

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,189

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,775

Area:

1198

Features:

AirConditioning,Dishwasher,Disposal,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,950

Area:

980

Features:

AirConditioning,Dishwasher,Disposal

Units Total:

2 total bathrooms

3 total bedroom

Unit Three

Actual Rent:

$932

Area:

804

Features:

AirConditioning,Dishwasher,Disposal

Units Total:

1 total bathroom

2 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

$814,998 -

8021 Ne Flanders St Portland , OR 97213

MLS Area Major: _142

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.