FANTASTIC INVESTMENT - CASH COW! 8 large 3bd/2.5bth Townhomes in Portland! Developed in 2004, each identical unit is 1,312 sq ft, consists of large updated living with washer/dryers, attached garages, private patios and fireplaces all within a .56 acre tree-lined secluded lot. 100% occupied! Turn-key operation with great stable cash flow, or raise to market rents and lower expenses by charging H20/Sewer for higher NOI! Rarely do properties like this come available so don't miss your opportunity!
Off market
$1,885,900
3540 SE 157th Ave, Portland, OR 97236
24beds
56baths
10,496sqft
MultiFamily
Built in 2004
-- sqft lot
$1,885,900 Zestimate®
$180/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 56
Heating
- Forced air, Gas
Appliances
- Included: Dishwasher, Dryer, Washer
Features
- Flooring: Hardwood
- Has fireplace: Yes
Interior area
- Total interior livable area: 10,496 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached, Off-street
Features
- Exterior features: Vinyl
Lot
- Size: 0.56 Acres
- Features: Flag Lot, Private, Views, Near Public Transit
- Residential vegetation: Wooded
Details
- Parcel number: R202345
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Existing
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & neighborhood
Security
- Security features: Security Lights
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 13425
Other
Other facts
- Flooring: Wood
- ViewYN: true
- Sewer: Public Sewer
- WaterSource: Public
- Zoning: R3
- Heating: Forced Air
- RoadSurfaceType: Paved
- Appliances: Dishwasher, Washer/Dryer, Gas Water Heater
- FireplaceYN: true
- GarageYN: true
- HeatingYN: true
- Utilities: Natural Gas Connected
- ConstructionMaterials: Vinyl Siding
- NumberOfUnitsTotal: 8
- Roof: Composition
- LeaseTerm: Month To Month
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Storage, Assigned, Garage
- RentIncludes: Water, Sewer, Trash Collection
- LotFeatures: Flag Lot, Private, Views, Near Public Transit
- Vegetation: Wooded
- SecurityFeatures: Security Lights
- View: Trees/Woods
- CapRate: 5.49
- PropertyCondition: Existing
- MlsStatus: Active
- CoListAgentEmail: zeljkoppg@gmail.com
- CoListAgentFullName: Zeljko Grahovac
- GrossIncome: 159900
- GrossScheduledIncome: 170340
- OperatingExpense: 50106
- NetOperatingIncome: 109794
- TotalActualRent: 13425
- Road surface type: Paved
Services availability
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Estimated market value
$1,885,900