Listing Courtesy of: 503-222-0282 - Cory Carlson - Constant Commercial Real Estate Inc
503-222-0282
$1,035,000
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1035 SE 14TH Ave Unit 1035 Portland, OR 97214
Multi-Family
Residence
Beds
Baths
2,824
Sq. Ft.
0.06
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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Charming fully restored 6-unit building situated in Buckman neighborhood between popular Belmont and Hawthorne shops and restaurants. Walkers paradise: 96 & Bikers paradise: 97. 2018 studs out remodel included electrical wiring/panels, water lines, water heaters, doors, bathrooms, common area, washe...r/dryer/storage room and kitchens with new cabinets, quartz countertops and stainless appliances. New roof in 2020 and common area windows in 2021. Unit mix is comprised of three (3) 1 bed / 1 bath units, one (1) 2 bed / 1 bath unit and two studios upstairs sharing one bath. Prime close-in investment opportunity to acquire a turn-key well performing asset in a strong Portland submarket. Subject property currently achieves gross monthly rents of $7,665 per month + 2023 utility reimbursements averaging ~$536 per month. Projected 2024 Effective Gross Income (EGI) of ~$96,553. Stabilized expense load of ~39% provides an Net Operating income of ~$58,712.
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MLS#
24185516
Property Type
Multi-Family
Status
Year Built
1908
Square Feet
2,824
sq. ft
Lot Size
0.06
Sewer
Public Sewer Available
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