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Listed by Richard Ballew Realty
$ 899,000
Est. payment /mo
Active
1120 SW BROADWAY DR Portland, OR 97201
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 374309510
Year Built 1904
Annual Tax Amount $6,463
Tax Year 2024
Lot Size 7,405 Sqft
Property Description
Fully remodeled units that rent quickly and have low taxes...The electrical was just completed(all new service) so this building is a legal tri-plex. Quartz countertops, high end LVP flooring, all with a view. This is the income property you've been looking for. 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....View, View, View...Abundant wildlife...Remarkable rent history typified by the latest rental of unit 'A'...50 inquiries in 72 hours...it had to be shut down...Taxes are low at $6,214.72. Cap Rate based on projected income from the rented units and the owner occupied unit is 6.65.
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
