This wonderful 4-Plex was built with pride by the Seller in 1967 and has been meticulously maintained and updated. The units offer all the amenities desiring tenants and buyers are seeking in a location that affords the potential to increase its present income. This investment property HAS IT ALL!!! Turn-Key - Newer vinyl windows throughout, newer roof, updated insulation in attic and crawl space, newer interior carpet/paint/vinyl and recently repaved parking area. As an explanation of meticulously The exterior cedar T & G siding was removed board by board, re-sanded, re-painted and then replaced. This is the cleanest, best maintained building I have seen in my 16 years as a broker. Amenities Each 804sq, 2-bed 1-bath unit is well appointed with dishwasher, disposal, range, refrigerator and air-conditioning. Each unit also has a rear, fenced patio with yard served by an in-ground sprinkler system. The exterior common area is designed for easy-care and is, of course, perfectly maintained with a mature privacy hedge surrounding the ample parking area. The perfectly clean partial basement provides a laundry room with 2-pair of washer/dryers and locked tenant storage. Location - Located just 3 blocks form the center of Multnomah Village with its retail/antique shops, restaurants and coffee houses as well as public transportation. The charming village atmosphere of this historic Portland neighborhood makes it one of the most sought after places to live in town. Seller Financing The Seller will carry a Note & Trust Deed on this free and clear property under the following terms - 25% down-payment, with a 5-year call. The barrower shall provide an acceptable credit report and personal financial statement. Income 804sq 2/1 - $695 M-to-M804sq 2/1 - $695 M-to-M804sq 2/1 - $650 M-to-M 804sq 2/1 - $695 M-to-MCurrent Scheduled Gross Annual Income - $32,820 (area market rents average from .95 to $1 per sq or $765-$800 per unit / $38,400 ann.) Expense Taxes- $6098Insurance- $730Utilities- $2,376Maintenance- $4,464Gross Annual Expense - $13,667(expense is estimated)
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