7603 N GRAVENSTEIN AVE, Portland, OR 97217

$610,000
Sold Price
$610,000
List Price
$600,000
Closing Date
Apr 14, 2017
Days on Market
6
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
Year Built
1997
High School
Roosevelt
Elementary School
Peninsula
Middle School
Peninsula
Garage Spaces
6
Stories
2
Terms
Cash, Conventional, FHA, VA Loan
Basement Foundation
Crawlspace
Fuel Description
Electricity
Heating Description
Baseboard
Hot Water Description
Electricity
Exterior Description
Lap Siding, Wood
Roof Type
Composition Roofing
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
2.0
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
2.0
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

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

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2017 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.