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1035 SE 14TH Ave

Portland, OR 97214
  • $1,050,000
  • STATUS: Active
  • MLS #: 24185516
UPDATED: 90 min ago
$1,050,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,824
    SQFT
  • $372
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1908
County:

School Information

Elementary School:
Middle School:
High School:

Description

Charming fully restored 6-unit building situated in Buckman neighborhood between popular Belmont and Hawthorne shops and restaurants. Walkers paradise: 96 & Bikers paradise: 97. 2018 studs out remodel included electrical wiring/panels, water lines, water heaters, doors, bathrooms, common area, washer/dryer/storage room and kitchens with new cabinets, quartz countertops and stainless appliances. New roof in 2020 and common area windows in 2021. Unit mix is comprised of three (3) 1 bed / 1 bath units, one (1) 2 bed / 1 bath unit and two studios upstairs sharing one bath. Prime close-in investment opportunity to acquire a turn-key well performing asset in a strong Portland submarket. Subject property currently achieves gross monthly rents of $7,665 per month + 2023 utility reimbursements averaging ~$536 per month. Projected 2024 Effective Gross Income (EGI) of ~$96,553. Stabilized expense load of ~39% provides an Net Operating income of ~$58,712.

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Listing content is copyright © 2024 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Brantley Christianson Real Estate LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-05-23T21:52:53.797.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Brantley Christianson Real Estate LLC and should be independently verified.
www.brantleychristianson.com/homes/148156391
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1035 SE 14TH Ave Portland, OR 97214

  • Price: $1,050,000
  • Status: Active
  • On Site: Days
  • Updated: 90 min ago
  • MLS #: 24185516
0
Beds
0
Baths
0
½ Baths
0.06
Acres
2,824
SQFT
$372
$/SQFT
1908
Built
Neighborhood:
143-Portland Southeast
County:
Multnomah
Area:
143-Portland Southeast
Elementary School:
Buckman
Middle School:
Hosford
High School:
Cleveland
Property Description
Charming fully restored 6-unit building situated in Buckman neighborhood between popular Belmont and Hawthorne shops and restaurants. Walkers paradise: 96 & Bikers paradise: 97. 2018 studs out remodel included electrical wiring/panels, water lines, water heaters, doors, bathrooms, common area, washer/dryer/storage room and kitchens with new cabinets, quartz countertops and stainless appliances. New roof in 2020 and common area windows in 2021. Unit mix is comprised of three (3) 1 bed / 1 bath units, one (1) 2 bed / 1 bath unit and two studios upstairs sharing one bath. Prime close-in investment opportunity to acquire a turn-key well performing asset in a strong Portland submarket. Subject property currently achieves gross monthly rents of $7,665 per month + 2023 utility reimbursements averaging ~$536 per month. Projected 2024 Effective Gross Income (EGI) of ~$96,553. Stabilized expense load of ~39% provides an Net Operating income of ~$58,712.
Exterior Features

Attached Garage YN No Exterior Description Cedar Lot Features Level Parking Total 0 Road Surface Type Concrete Roof Composition View YN No

Interior Features

Basement Finished Cooling Wall Unit Cooling YN Yes Heating Wall Heater Heating YN No

Property Features

Bank Owned YN No Fuel Description Electricity Green Certification YN No Gross Income 99312 Hot Water Description Electricity IDXAddress Display YN Yes Listing Terms Cash Conventional Net Operating Income 58712 Operating Expense 37778 Property Attached YN No Property Condition Updated Remodeled Rent Includes Maintenance Grounds Sewer Trash Collection Water Sewer Public Sewer Short Sale YN No Storage Basement Tax Annual Amount 11527.46 Tax Year 2023 Water Source Public Water Zoning R2.5

Listing provided courtesy of Constant Commercial Real Estate Inc: 503-222-0282.


Listing content is copyright © 2024 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Brantley Christianson Real Estate LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-05-23T21:52:53.797.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Brantley Christianson Real Estate LLC and should be independently verified.
 
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Camas WA, 98607