7117 N FESSENDEN ST, Portland, OR 97203

$504,000
Sold Price
$504,000
List Price
$499,000
Closing Date
Oct 11, 2019
MLS#
19432497
Property Type
Multifamily
Region
Portland North
Status
SOLD

Property Description

INVESTORS! Experienced and novice alike will find value with a 6.99% Cap Rate! 3 updated units feature laminate flooring, new/newer carpet, new/newer appliances, and ample on-site open parking. One 3 bdrm/1 bath single level on the main, one 2 bdrm/1 bath townhouse, one 2 bdrm/1 bath single level up. No Sign. Please DO NOT Disturb Tenants.

Additional Information

Tax Amount
$4,306
Stories
2
High School
Jefferson
Elementary School
James John
Middle School
George
Stories
2
Subdivision
East St Johns
Year Built
1972
Fuel Description
Electricity
Heating Description
Baseboard
Hot Water Description
Electricity
Exterior Description
T-111 Siding
Lot Size Range
5, 000 to 6, 999 SqFt
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Cumulative Days On Market
3
Sq Ft Approximate Building Total
2588
Capitalization Rate
6.99
Operating Expenses Actual
9863
Gross Income Actual
44748
Gross Rent Multiplier
11.15
Net Income Actual
34885
Occupancy Types
Leased
Number Of Units Total
3
Unit Type One Baths Total
1
Unit Type One Beds Total
3
Unit Type One Rent
1445
Unit Type One Sq Ft
1000
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
1085
Unit Type Two Sq Ft
850
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
1199
Unit Type Three Sq Ft
738
Unit Type Three Units Total
1

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 Pink Dot Properties, LLC. Selling Office: Non Rmls Broker.