115 NE 10TH DR, Gresham, OR 97030

$2,400,000
List Price
$2,400,000
MLS#
19068276
Property Type
Multifamily
Region
Gresham, Sandy, Troutdale, Corbett
Status
ACTIVE

Property Description

Great 1031 property with Huge upside. Property is Zoned Downtown Transit Midrise (DTM) fronts the Lightrail 1/2 block from the bus/rail transfer station. New development opportunity includes Mixed use, retail/office/residential up to 85' vertical. In the Opportunity zone City of Gresham Vertical incentives and more.Current property is being used as rooming house, 20 rentable rooms in main building & 3 unit 9 bedroom in second building.

Additional Information

Tax Amount
$4,543
High School
Gresham
Garage Spaces
10
Year Built
1900
Basement Foundation
Daylight, Finished, Full Basement
Cooling Description
None
Fuel Description
Gas
Heating Description
Forced Air
Hot Water Description
Gas
Exterior Description
Lap Siding, Wood Siding
Lot Size Range
1 to 2.99 Acres
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
6627
Capitalization Rate
1.23
Operating Expenses Actual
13356
Gross Income Actual
38400
Gross Rent Multiplier
62.50
Net Income Actual
29400
Occupancy Types
Month to Month
Security Or Entry
Entry
Utilities Included
Electricity, Trash Collection, Heat, Sewer, Water
Parking Description
Open
Number Of Units Total
20
Unit Type One Baths Total
8
Unit Type One Beds Total
1
Unit Type One Rent
750
Unit Type One Sq Ft
650
Unit Type One Units Total
11
Unit Type Two Baths Total
3
Unit Type Two Beds Total
1
Unit Type Two Rent
600
Unit Type Two Sq Ft
300
Unit Type Two Units Total
9

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams-PDX Central.