16 SW PORTER ST SW

Portland, OR 97201
Square Ft.
10,734
$3,500,000
OWNER CARRIED FINANCING AVAILABLE WITH GREAT TERMS AND ECONOMICS. Prime Investment Opportunity at 16 SW Porter Street will not last long on the market with a $237,317 Net Operating and a 6.78% Capitalization Rate is a Fantastic Property to add to your Portfolio. This 32 Unit Apartment Complex withRead MoreRead Less
Listing courtesy of MORE Realty.
Listing Snapshot
Days Online
0
Last Updated
Square Ft.
10,734
Lot Size
0.11 Acres
Year Built
1913
MLS Number
186056133
30 Days Snapshot Of 97201
$576k
+16%
(avg) sold price
15
+15%
homes sold
130
-7%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Concrete, Paved
Basement
Basement: FullBasement, StorageSpace
Building
Building Area Total: 10734, Built in 1913, Storage: Basement, Stories: 3, Unit Type Type: UnitTypeType1, UnitTypeType2
Community
Community Features: Laundry
Cooling
Cooling: None
Disclosures
Disclosures: Disclosure
Expenses
Operating Expense Scheduled: 113943, Operating Expense: $132,722
Exterior Features
Exterior Description: LapSiding, VinylSiding, WoodSiding
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: WallHeater
Income
CAP Rate: 6.78, Gross Income: $370,040, Gross Rent Multiplier: 9.46, Gross Scheduled Income: $385,000, Net Operating Income: $237,317, Net Scheduled Income: 271057
Lot
Features: Commons, Level, OnBusline, PublicRoad, Size Acres: 0.11, Size Range: SqFt3000to4999, Size Square Feet: 4,791, Size: 3,000 to 4,999 SqFt
Miscellaneous
Investor Information: AnnualPropertyOperationData, Leases, ProfitLossStatement, RentRecords
Parking
Features: None
Property
Number Of Units Total: 32, Property Condition: UpdatedRemodeled, Zoning: RM1
Roof
Roof: Flat, Membrane
Security Features
Features: Entry, FireSprinklerSystem, SecurityLights, Sidewalk
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $18,781, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $949, Area: 205, Features: Range, Refrigerator, Units Total: 31, 1 total bathroom
Unit Two
Actual Rent: $1,114, Area: 404, Features: Range, Refrigerator, WasherDryerHookup, Units Total: 1, 1 total bathroom, 1 total bedroom
Utilities
Fuel Description: Electricity, Gas, Hot Water Description: ENERGYSTARQualifiedEquipment, Gas, Internet Service Type: Cable, Other, Water Source: PublicWater
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Jamie Meushaw
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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.
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.