This investment opportunity is a top performer in the market, boasting a 6.26% cap rate and a 13.29x gross rent multiplier, with great potential for tenant occupancy.. The 4plex features a 1955 original construction, which underwent renovations in 2016, and is situated just 1.5 blocks away from the vibrant SE Division. All units rent quickly, usually within 1-2 showings, and there is no historical vacancy. The property includes an expansive 3BR unit with central HVAC, two gas fireplaces, a private washer/dryer, a dishwasher, and a large patio. This unit has a near-term lease expiration perfect for owner occupant. Additionally, there are three beautiful 1BR units, each with hardwood floors, large windows, private outdoor spaces, and mid-century charm. The property comes with two garages, basement laundry facilities, and tenant storage areas. The seller is a licensed real estate agent in Oregon. Unit sizes are approximate.
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Listing Agent: Greg Messick
Listing Office: RealtyNET, LLC
Attribution contact: 503-662-9707 | 503-662-9707