7603 N GRAVENSTEIN AVE, Portland, OR 97217

$610,000
Sold Price
$610,000
List Price
$600,000
Closing Date
Apr 14, 2017
MLS#
17455367
Property Type
Multifamily
Region
Portland North
Status
SOLD

Property Description

Amazing income opportunity! All units are currently rented month-to-month, by the room. Each unit features two parking spaces, individual patio, shard yard and shared storage. Prime location just blocks from shops, restaurants, primary/middle school and Columbia Park. Don't miss this excellent investment opportunity!

Additional Information

Tax Amount
$8,241
Stories
2
High School
Roosevelt
Elementary School
Peninsula
Middle School
Peninsula
Garage Spaces
6
Stories
2
Year Built
1997
Basement Foundation
Crawlspace
Fuel Description
Electricity
Heating Description
Baseboard
Hot Water Description
Electricity
Exterior Description
Lap Siding, Wood
Roof Type
Composition
Sewer Description
Public
Water Description
Public
Cumulative Days On Market
6
Sq Ft Approximate Building Total
4492
Capitalization Rate
6.84
Operating Expenses Actual
41052
Gross Income Actual
97212
Gross Rent Multiplier
6.17
Net Income Actual
41052
Occupancy Types
Month to Month
Utilities Included
Electricity, Garbage, Sewer, Water
Parking Description
Assigned
Number Of Units Total
3
Unit Type One Baths Total
2
Unit Type One Beds Total
5
Unit Type One Rent
2550
Unit Type One Sq Ft
1497
Unit Type One Units Total
2
Unit Type Two Baths Total
2
Unit Type Two Beds Total
6
Unit Type Two Rent
2908
Unit Type Two Sq Ft
1497
Unit Type Two Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Portland Premiere. Selling Office: .