3123 SE 31ST AVE, Portland, OR 97202

$899,900
List Price
$899,900
Days on Market
4
MLS#
21369713
Property Type
Multifamily
Lot Size
3, 000 to 4, 999 SqFt
Region
Portland Southeast
Status
Active

Property Description

Welcome to the light and bright Richmond plex! Steps to Clinton District & Division for dining, coffee, boutiques, and groceries. Steps in the other direction you'll find the school track, the Safeway, bus. Well run and maintained, earning $37,677 4/20-3/21. Solid tenancies. Shared w/d (one coin opp). Rents incl. W/S/G/L. Prof. managed. Owner-occupied unit available. Call 2 see 2 units. Offer deadline TBD, subj. to seller finding suitable replacement property & 1031 Exchange.

Additional Information

Tax Amount
$7,142
Year Built
1912
High School
Cleveland
Elementary School
Grout
Middle School
Hosford
Stories
3
Subdivision
Richmond
Terms
Cash, Conventional
Cooling Description
None
Fuel Description
Gas
Heating Description
Forced Air
Hot Water Description
Other
Exterior Description
Lap Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
View
City
Sq Ft Approximate Building Total
2322
Capitalization Rate
3.39
Operating Expenses Actual
11742
Gross Income Actual
43196
Gross Rent Multiplier
20.83
Net Income Actual
30496
Covenants/Restrictions
No
Road Surface
Paved
Number Of Units Total
3
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1708
Unit Type One Sq Ft
924
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
1895
Unit Type Two Sq Ft
1098
Unit Type Two Units Total
1
Unit Type Three Baths Total
2
Unit Type Three Beds Total
2
Unit Type Three Rent
1500
Unit Type Three Sq Ft
600
Unit Type Three Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of KJK Properties PC.

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