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Sold for $1,150,000 Sold

8207 N Montana Ave
Portland, OR 97217

6 units | Multi Family Home - MLS# 18238272
Property Photo

Sold

Sold for $1,150,000 on May 9, 2018

Description

Beautiful 2015 built 6 unit, N. of the W. Lombard exit off I-5. High quality building with strong operations and a quality tenant base. Perfect for the investor who wants a turnkey property that has strong cash flow. Units feature high quality appliances, AC, Valinge LVP flooring, washer/dryers, non-smoking. 1 block from Interstate MAX line. Walk score: 84, bike score: 97, walking distance to Denver St. shops and restaurants.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Sold
  • Listing Price: $1,150,000
  • County/Area: Multnomah County
  • Zip Code: 97217
  • Year Built: 2015
  • Elementary School: Chief Joseph
  • Middle School: Ockley Green
  • High School: Jefferson
  • Sq.Ft.: 4,320 sq ft
  • Stories: 3-Story
  • Units: 6 units
  • Lot Size: 0k To 2, 999 Sqft
  • Zoning: RH
  • Area: Portland North
  • Fuel: Electricity
  • Gross Income Actual: 96413
  • Gross Income Projected: 100380
  • Gross Rent Multiplier: 11.93
  • Heating: Wall Furnace
  • Limited Representation: Full Service
  • Lot: Level
  • Net Income Actual: 75556
  • Net Income Projected: 79523
  • Occupancy Types: Leased, Month To Month
  • Operating Expenses Actual: 20857
  • Operating Expenses Projected: 20857
  • Roof Type: Shingle
  • School Elementary2: Woodlawn
  • School High2: Roosevelt
  • Selling Agent: MAYERHAR
  • Selling Office: Mayer Howell Real Estate
  • Sewer: Public Sewer
  • Tax Amount: 9162.31
  • Terms: Call Listing Agent
  • Unit Features: Dishwasher, Microwave
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Dishwasher, Microwave
  • Unit Type 1 Sq Ft: 720
  • Unit Type 1 Units Total: 6
  • Utilities Included: Trash Collection, Sewer, Water
  • Water: Public
  • Sold Date: 2018-05-09 00:00:00
  • Sold Price: 1150000
Courtesy of Joseph Bernard Llc

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Jim Lutz

Jim Lutz, CCIM
Oregon Principal Broker
Premiere Property Group, LLC
Beaverton, OR 97006

503-750-6388
Contact Me

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Jim Lutz | 
503-750-6388 | Contact Me

1500 NW Bethany Blvd #190 - Beaverton, OR 97006
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