DO NOT DISTURB TENANTS. 5.86 pro forma cap rate with nearly 7% cash flow. Realistic rental upside with opportunity for RUBS program. Well-maintained townhome units with full size W/D, walk-in closets and assigned off-street parking. Newer roof within last 5 years. Located near MAX and Glendoveer Golf Course. 100% occupied.
Off market
$2,514,200
201 NE 148th Ave, Portland, OR 97230
2beds
1baths
24,510sqft
MultiFamily
Built in 1998
-- sqft lot
$2,514,200 Zestimate®
$103/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Forced air, Electric
Appliances
- Included: Dishwasher, Dryer, Range / Oven, Refrigerator, Washer
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 24,510 sqft
Property
Features
- Exterior features: Vinyl
Lot
- Features: Level
Details
- Zoning: RM3
Construction
Type & style
- Home type: MultiFamily
Condition
- Existing
- Year built: 1998
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 1017
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Forced Air
- Appliances: Dishwasher, Refrigerator, Washer/Dryer, Electric Water Heater, Range
- HeatingYN: true
- Utilities: Electricity Connected
- ConstructionMaterials: Vinyl Siding
- LotFeatures: Level
- LeaseTerm: Month To Month
- NumberOfUnitsTotal: 30
- Basement: Crawl Space
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Assigned
- RentIncludes: Water, Sewer, Trash Collection, Maintenance Grounds
- Zoning: RM3
- PropertyCondition: Existing
- CapRate: 4.77
- MlsStatus: Active
- GrossIncome: 366660
- GrossScheduledIncome: 423000
- NetOperatingIncome: 214680
- OperatingExpense: 133362
- TaxAnnualAmount: 42941.16
- TotalActualRent: 1017
Services availability
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Estimated market value
$2,514,200