12929 NE PRESCOTT DR, Portland, OR 97230

$460,000
Sold Price
$460,000
List Price
$449,000
Closing Date
Mar 04, 2022
Days on Market
3
MLS#
22256057
Property Type
Multifamily
Lot Size
0K to 2, 999 SqFt
Region
Portland Northeast
Status
Sold

Property Description

What a great owner occupied rental ready for you to house hack. The lower unit is rented for the last 3 years, the upper unit is vacant and move in ready. This amazing investment property is near food carts, the freeway and much more. If you are looking for an opportunity to own and invest at the same time. Wait no more, come and see this amazing townhome style duplex in NE Portland. Future Cap rate of 6.79% with renting out upper unit at $1800 a month. Unit 2 rent $1125-5/1/22

Additional Information

Tax Amount
$4,594
Year Built
1997
High School
Parkrose
Elementary School
Shaver
Middle School
Parkrose
Stories
3
Subdivision
Argay
Terms
Cash, Conventional, FHA, VA Loan
Cooling Description
None
Fuel Description
Electricity
Heating Description
Zoned
Hot Water Description
Electricity, Gas
Exterior Description
Vinyl Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public Water
Cumulative Days On Market
3
Sq Ft Approximate Building Total
1858
Capitalization Rate
1.15
Operating Expenses Actual
7430
Gross Income Actual
12600
Gross Rent Multiplier
35.63
Net Income Actual
5170
Occupancy Types
Month To Month, Vacant
Covenants/Restrictions
No
Road Surface
Paved
Number Of Units Total
2
Unit Type One Baths Total
2
Unit Type One Beds Total
2
Unit Type One Sq Ft
1220
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
1050
Unit Type Two Sq Ft
638
Unit Type Two Units Total
1

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 Better Homes & Gardens Realty. Selling Office: JMA Properties LLC.

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 © 2022 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.