$1,050,000
646 SE 60TH AVE Portland, OR 97215
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Listed by NextHome Realty Connection
$1,050,000
Est. payment /mo
5,474 SqFt
UPDATED:
10/24/2024 03:35 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,474 sqft
Price per Sqft $191
Subdivision Mt Tabor
MLS Listing ID 24253308
Year Built 1926
Annual Tax Amount $12,513
Tax Year 2023
Lot Size 5,227 Sqft
Property Description
This fully-occupied triplex in the desirable Mount Tabor neighborhood offers a unique income opportunity. In addition to three spacious residential units, the property includes 8 Single Room Occupancy (SRO) units, all 100% occupied, generating stable rental income. Located near scenic Mount Tabor Park, the property provides a perfect blend of natural beauty and urban convenience, just minutes from downtown Portland. The property qualifies for conventional financing, yet its income level is comparable to an 11 unit commercial investment, making it a versatile asset. With steady cash flow and an attractive location in one of Portland?s most sought-after areas, this is an excellent opportunity for savvy investors looking to expand their portfolio. Seller is a licensed broker in Oregon. Do not disturb tenants. Call for financials
Location
State OR
County Multnomah
Community Alllandscaping
Area _143
Zoning R5
Rooms
Basement Full Basement
Interior
Heating Baseboard, Forced Air
Exterior
Community Features AllLandscaping
Roof Type Composition
Parking Type On Street
Garage No
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Glencoe
Middle Schools Mt Tabor
High Schools Franklin
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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