3410 SE 111TH AVE Portland, OR 97266

Pending

$550,000

Market Estimate

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0 Beds
0 Baths
Multi-Family
Listing# 21120716

Listing provided courtesy of: Roots Realty

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Views: 10 Days On Site: 14

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Wednesday 27 Jan

Thursday 28 Jan

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Sunday 31 Jan

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Property Details

Description

Please do not disturb tenants or walk property. No for sale sign. Single level 4plex on large lot, development potential. Zoned RM1. Opportunity as is, room for improvement equity, or redevelop. Photos are of unit that needs rehab, other units updated already but we don't have those photos out of respect for the tenants. Rents low & could be increased. 2 units w/ attached garage, 2 detached. Fenced yards. Easy access to transit, highways, shopping, parks. Offers subject to interior inspection.

General Features
- Area Portland Southeast
- Bank Owned Y/N No
- Capitalization Rate 3.00
- Country US
- Fuel Description Electricity
- Gross Income Actual 39480
- Gross Income Projected 41184
- Gross Rent Multiplier 13.93
- Heating Description Baseboard
- Hot Water Description Electricity,Tank
- Net Income Actual 16524
- Net Income Projected 17771
- Number Of Units Total 4
- Occupancy Types Month To Month
- Operating Expenses Actual 22956
- Operating Expenses Projected 23413
- Sewer Description Public Sewer
- Short Sale Y/N No
- Stories 1
- Subdivision POWELLHURST-GILBERT
- Supplement Number 0
- Tax Amount 7507.00
- Terms Call Listing Agent,Cash,Conventional
- Third Party Approval Y/N No
- Utilities Included Trash Collection,Sewer,Water,Maintenance Grounds
- View Y/N No
- Water Description Public
- Year Built 1979
- Zoning RM1
Building Features
- Basement Crawl Space
- Basement1 Concrete Perimeter
- Exterior Description Wood Siding
- SqFt Approximate Building Total 4000
- Storage Garage(s)
- 1 1
- 1 2
- 1 Fireplace,Range,Refrigerator,Washer/Dryer Hookup
- 1 911
- 1 801
- 1 1
- 2 1
- 2 2
- 2 Fireplace,Range,Refrigerator,Washer/Dryer Hookup
- 2 890
- 2 801
- 2 1
- 3 1
- 3 2
- 3 Fireplace,Range,Refrigerator,Washer/Dryer Hookup
- 3 885
- 3 801
- 3 1
- 4 1
- 4 2
- 4 Fireplace,Range,Unfurnished,Washer/Dryer Hookup
- 4 801
- 4 1
- 4 0
- UnitFeatures Fireplace,Range,Refrigerator,Unfurnished,Washer/Dryer Hookup
- UnitTypeType 1,2,3,4
Room Features
- Legal Description MULTNOMAH BERRY RANCH, LOT 2 TL 6500
- Limited Representation Y/N Full Service
Property Features
- Lot Description Level,Trees
- Lot Size 15,000 to 19,999 SqFt
- Property Category Multi-Family
- Roof Type Composition
Schools
- Elementary School W Powellhurst
- High School David Douglas
- Middle School Ron Russell

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Neighborhood

97266 (Portland) Demographics

35 Median Age

5,843 Population Density (per sq. mile)

26% College Educated

$40,904 Estimated Median Income

6,550 Estimated Total Home Owners

5,620 Estimated Total Renters

54% / 46% Estimated Owner / Renter Divide

2 Estimated Average Household Size

35,299 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$384,900 Median Sales Price

36 Homes Sold

34 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price
--	Current Price Source	New Value: $550,000
1/19/2021 6:21:22 PM	Status Changed Source	New Value: Pending
1/13/2021 12:22:00 PM	New in Database Source	New Value: $550,000

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**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

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 Prime Alliance Real Estate Services are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2021 RMLS™, Portland, Oregon. This content last updated on 1/27/2021 9:40:33 PM. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing 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.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

3410 SE 111TH AVE $550,000