MLS# 24534389 – 7636 Se Henderson St, Portland, OR 97206 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Property Description

Description

11 Units

Status: Active

Year Built: 1949

Days on Website: 104

Great rental income opportunity! This oversized lots have 11 unique spaces that include 9 two-story homes built in 2001 (4 duplexes, 1 single) & 2 detached single family residences built in 1949. Each home includes all appliances, washer, dryer, 2 parking spots & small private outdoor space! Parking lot resealed July 2022. All tenants pay on time rents. Less than 1% vacancy rate. Owner pays for water, sewer & garbage. New roofs in 2024 installed on all the 2001 units. Let this investment property work for you!!!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

12984

Built in 1949

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6,UnitTypeType7

Cooling

Cooling Equipped

Cooling:

WindowUnit

Expenses

Operating Expense Scheduled:

71940

Operating Expense:

$71,940

Exterior Features

Exterior Description:

Stucco,VinylSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

7.16

Gross Income:

$286,800

Gross Rent Multiplier:

10.46

Gross Scheduled Income:

$300,900

Net Operating Income:

$214,860

Net Scheduled Income:

228960

Listing

Contract Status Change Date:

2024-08-08

Days On Market:

103

Last Transaction Date:

2024-08-08 08:47:40

List Price:

$3,000,000

Listing Contract Date:

2024-08-08

Listing Id:

24534389

Mls Status:

Active

Modification Timestamp:

2024-08-08 08:47:40

On Market Date:

2024-08-08

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.32

Size Range:

SqFt20000toAcres1

Size Square Feet:

13,939

Size:

20,000 SqFt to .99 Acres

Miscellaneous

Investor Information:

AccordingToOwner,ProfitLossStatement,RentRecords,UtilityRecordsAvailable

Parking

Features:

Assigned

22 total parking spots

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Zoning:

RM1

Roof

Roof:

Composition

Schools

High School:

Cleveland

Middle Or Junior School:

Lane

Elementary School:

Whitman

Security Features

Features:

SecurityLights

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$38,934

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,525

Area:

711

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$2,150

Area:

1257

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

3 total bedroom

Unit Three

Actual Rent:

$2,350

Area:

1228

Features:

Dishwasher

Units Total:

2 total bathrooms

3 total bedroom

Unit Four

Actual Rent:

$2,150

Area:

1228

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Five

Actual Rent:

$2,275

Area:

1228

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Six

Actual Rent:

$2,300

Area:

1228

Features:

Deck,Dishwasher,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Seven

Actual Rent:

$2,400

Area:

1228

Features:

Deck,Dishwasher,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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7636 Se Henderson St Portland , OR 97206

Property Description

Description

Open House

Open House

Property Details and Features

Property Details and Features

Contact an Agent

John Wesley McPherson, Jr., CFA

Location

Street View

Nearby Schools

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