33
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Listed by Richard Ballew Realty
$850,000
Est. payment /mo
7,405 Sqft Lot
Active
1120 SW BROADWAY DR Portland, OR 97201
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 374309510
HOA Y/N No
Year Built 1904
Annual Tax Amount $6,463
Tax Year 2024
Lot Size 7,405 Sqft
Property Description
CAP RATE OF 6.83. FULLY REMODELED UNITS THAT RENT QUICKLY AND HAVE LOW TAXES, A REAL INCOME PRODUCER...This is a legal tri-plex. Quartz countertops, high end LVP flooring, new electrical meters, all with a view. This is the income property you've been looking for. WASHER AND DRYERS PROVIDED IN ALL THREE UNITS. No amount of superlatives can fully describe the Marquam Park location, its views, and abundant wildlife....all CLOSE TO DOWNTOWN WITH OHSU CLOSER. Updates include Unit 1(top): LVP flooring/Barn doors/Kitchen Cabinets/Quartz countertops/SS appliances/LED lighting/Microwave, new toilet Unit 2(middle): LVP flooring/Kitchen Cabinets/Quartz countertops/Barn Doors/SS Appliances/LED lighting/bath 6 years new(fridge in this unit is white in pics but is now stainless), Unit 3(lower) with New Carpet/tile/appliances(no dishwasher)/washer & dryer/Acia wood kitchen countertop....Remarkable rent history...Taxes are low at $6,214.72. "Rare Investment Opportunity - Triplex with Adjacent Vacant Lot Included at the right price...."...The vacant land is optioned to be purchased separately or bundled together.... MOTIVATED SELLER! BRING ALL OFFERS....
Location
State OR
County Multnomah
Area _148
Zoning R10
Rooms
Basement Daylight
Interior
Heating Baseboard, Forced Air
Cooling None
Exterior
View Park Greenbelt, Trees Woods, Valley
Roof Type Composition
Garage No
Building
Lot Description Green Belt, Public Road, Sloped, Trees, Wooded
Story 3
Foundation Slab
Sewer Septic Tank
Water Public Water
Level or Stories 3
Schools
Elementary Schools Ainsworth
Middle Schools West Sylvan
High Schools Lincoln
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://listings.pdxpics.com/videos/01999b85-90fb-73ab-ad53-ad3e9337b310
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