MLS# 24690533 – 4740 Ne 99th Ave, Portland, OR 97220 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Rise Realty, Inc.

Property Description

Description

4 Units

Status: Active

Year Built: 1949

Neighborhood: Parkrose

Days on Website: 116

Great investment opportunity for new investors or someone interested in owner occupancy. DO NOT DISTURB TENANTS. GRM of 12.29 is highly competitive! Doors and exterior staircase newly painted. Gas range, double pane windows and wood floors. Near I-205 and I-84. This unique opportunity won't last long.

Property Details and Features

Lot

Size:

5,000 to 6,999 SqFt

Features:

Level

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

1520

Built in 1949

Storage:

None

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling:

None

Expenses

Operating Expense:

$19,627

Exterior Features

Exterior Description:

T111Siding

Heating

Heating:

WallHeater

Income

CAP Rate:

4.21

Gross Income:

$48,420

Gross Rent Multiplier:

11.77

Net Operating Income:

$24,015

Listing

Contract Status Change Date:

2024-07-29

Days On Market:

116

Last Transaction Date:

2024-09-02 21:39:20

List Price:

$569,999

Listing Contract Date:

2024-07-29

Listing Id:

24690533

Mls Status:

Active

Modification Timestamp:

2024-09-02 21:39:20

On Market Date:

2024-07-29

Previous List Price:

$594,999

Rent Includes:

MaintenanceGrounds,TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_142

Subdivision Name:

PARKROSE

County Or Parish:

Multnomah

Miscellaneous

Investor Information:

AccordingToOwner,Leases,ProfitLossStatement

Parking

Features:

Driveway,OffStreet

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

CM2

Roof

Roof:

Composition

Schools

High School:

Parkrose

Middle Or Junior School:

Parkrose

Elementary School:

Prescott

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$1,238

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$995

Area:

399

Features:

Range,WoodFloors

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$1,050

Area:

581

Features:

Range,Refrigerator,WoodFloors

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$975

Area:

490

Features:

Range,Refrigerator,WoodFloors

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Electricity

Water Source:

PublicWater

[+] Read More

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$569,999 -

4740 Ne 99th Ave Portland , OR 97220

MLS Area Major: _142

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.