MLS# 24583815 – 4215 Se 15th Ave, Portland, OR 97202 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Kinected Realty, LLC.

Property Description

Description

2 Units

Status: Active

Year Built: 1979

Neighborhood: Brooklyn

Days on Website: 49

Price Reduced! Investment gem in SE Portland Brooklyn neighborhood. Both units have 2 beds, one bath. Larger Unit (4215) is tenant occupied. Notice of rental increase has been sent to tenant. Effective 12/01/24 the occupied unit monthly rent is $2034 which includes $125 towards water, sewer, and garbage. Has larger basement area. Smaller unit (4217) is immaculate and move in ready. Vacant since January, 2024. Both units have washer and dryer hook-up. Close proximity to food, parks, and river. Request P&L from 2023 when both units were rented, from listing agent.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

Finished

Building

Building Area Total:

2948

Built in 1979

Storage:

Attached,Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$20,370

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

Other

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

4.23

Gross Income:

$48,524

Gross Rent Multiplier:

13.7

Net Operating Income:

$28,154

Listing

Contract Status Change Date:

2024-10-03

Days On Market:

Last Transaction Date:

2024-10-03 12:09:32

List Price:

$664,900

Listing Contract Date:

2024-10-03

Listing Id:

24583815

Mls Status:

Active

Modification Timestamp:

2024-10-03 12:09:32

On Market Date:

2024-10-03

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

Brooklyn

County Or Parish:

Multnomah

Lot

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

Leases,MaintenanceRecordsAvailable,ProfitLossStatement,RentRecords

Parking

Features:

Driveway,OnStreet

2 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

R2.5

Roof

Roof:

Composition

Schools

High School:

Cleveland

Middle Or Junior School:

Hosford

Elementary School:

Grout

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$8,513

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,862

Area:

1800

Features:

Deck,Fireplace,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Area:

1148

Features:

Fireplace,Refrigerator,Storage,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

$664,900 -

4215 Se 15th Ave Portland , OR 97202

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.