8207 N MONTANA AVE, Portland, OR 97217

$1,150,000
Sold Price
$1,150,000
List Price
$1,150,000
Closing Date
May 09, 2018
Days on Market
45
MLS#
18238272
Property Type
Multifamily
Lot Size
0K to 2, 999 SqFt
Region
Portland North
Status
Sold

Property Description

Beautiful 2015 built 6 unit, N. of the W. Lombard exit off I-5. High quality building with strong operations and a quality tenant base. Perfect for the investor who wants a turnkey property that has strong cash flow. Units feature high quality appliances, AC, Valinge LVP flooring, washer/dryers, non-smoking. 1 block from Interstate MAX line. Walk score: 84, bike score: 97, walking distance to Denver St. shops and restaurants.

Additional Information

Tax Amount
$9,162
Year Built
2015
High School
Jefferson
Elementary School
Chief Joseph
Middle School
Ockley Green
Stories
3
Terms
Call Listing Agent
Fuel Description
Electricity
Heating Description
Wall Furnace
Roof Type
Shingle
Sewer Description
Public Sewer
Water Description
Public
Cumulative Days On Market
45
Sq Ft Approximate Building Total
4320
Capitalization Rate
6.57
Operating Expenses Actual
20857
Gross Income Actual
96413
Gross Rent Multiplier
11.93
Net Income Actual
75556
Occupancy Types
Leased, Month to Month
Utilities Included
Trash Collection, Sewer, Water
Number Of Units Total
6
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1392
Unit Type One Sq Ft
720
Unit Type One Units Total
6

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Joseph Bernard LLC. Selling Office: Mayer Howell Real Estate.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2018 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.