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Listing 13 out of 87
Sold for $1,000,000 Sold

12429 SE Foster Rd
Portland, OR 97236

8 units | Multi Family Home - MLS# 18286978
Property Photo

Sold

Sold for $1,000,000 on Mar 27, 2018

Description

8-plex on 1/2 acre. Rents currently below market value. Newer siding, windows & roof. Remodeled units. No deferred maintenance, impeccably maintained. Possibility for additional units, was pre-approved several years ago previous to this owner. Large paved parking lot. Park-like lawn. On bus line & near Max.Close to schools and shopping.Near 611 acre Powell Butte National Park. On-site coin-op laundry & 2 storage rooms. Great opportunity!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Sold
  • Listing Price: $1,099,000
  • County/Area: Multnomah County
  • Zip Code: 97236
  • Year Built: 1970
  • Elementary School: Gilbert Park
  • Middle School: Alice Ott
  • High School: David Douglas
  • Units: 8 units
  • Basement: Crawlspace
  • Lot Size: 20, 000 Sqft To .99 Acres
  • Zoning: R2
  • Area: Portland Southeast
  • Common Amenities: Commons, Laundry
  • Exterior: Vinyl
  • Fuel: Electricity
  • Gross Income Actual: 85200
  • Gross Income Projected: 87292
  • Gross Rent Multiplier: 12.90
  • Heating: Baseboard
  • Hot Water: Electricity
  • Limited Representation: Full Service
  • Lot: Level
  • Net Income Actual: 57661
  • Net Income Projected: 59753
  • Operating Expenses Actual: 18515
  • Operating Expenses Projected: 18515
  • Parking: Assigned, Paved
  • Roof Type: Composition
  • Selling Agent: TRUNKMAR
  • Selling Office: Re/Max Equity Group
  • Sewer: Public
  • Storage: Attached
  • Tax Amount: 9146.43
  • Terms: Cash, Conventional
  • Unit Features: Built-In Dishwasher, Disposal, Range, Refrigerator, Storage
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Built-In Dishwasher, Disposal, Range, Refrigerator
  • Unit Type 1 Sq Ft: 830
  • Unit Type 1 Units Total: 4
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Built-In Dishwasher, Disposal, Range, Refrigerator
  • Unit Type 2 Sq Ft: 640
  • Unit Type 2 Units Total: 2
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Built-In Dishwasher, Disposal, Range, Refrigerator
  • Unit Type 3 Sq Ft: 640
  • Unit Type 3 Units Total: 1
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Features: Built-In Dishwasher, Disposal, Range, Refrigerator
  • Unit Type 4 Sq Ft: 490
  • Unit Type 4 Units Total: 1
  • Unit Type 5 Features: Storage
  • Unit Type 5 Units Total: 2
  • Utilities Included: Electricity, Garbage, Sewer, Water
  • Water: Public
  • Sold Date: 2018-03-27 00:00:00
  • Sold Price: 1000000
Courtesy of Meadows Group Inc., Realtors

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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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