7117 N FESSENDEN ST, Portland, OR 97203

$499,000
List Price
$499,000
Days on Market
6
MLS#
19432497
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland North
Status
Active

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
Year Built
1972
High School
Jefferson
Elementary School
James John
Middle School
George
Stories
2
Subdivision
East St Johns
Terms
Cash, Conventional
Basement Foundation
Crawl Space
Fuel Description
Electricity
Heating Description
Baseboard
Hot Water Description
Electricity
Exterior Description
T-111 Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
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
Security Or Entry
Sidewalk
Utilities Included
Trash Collection, Sewer, Water
Parking Description
Open, Paved
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
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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.

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