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12911 NE Prescott Dr

Portland, OR 97230
  • $1,050,000
  • STATUS: Pending
  • ON SITE: 132 Days
  • MLS #: 22542118
Pending
UPDATED: 30 min ago
$1,050,000
  • 9
    BEDS
  • N/A
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 5,475
    SQFT
  • $192
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1999
County:

School Information

Elementary School:
Middle School:
High School:

Description

12901-12911: Three well positioned value add duplexes with excellent tenant history. Cosmetic fixer with upside in below market rents. Located in the Argay Terrace neighborhood of NE Portland. The property consists of a 2 bed / 1.1 bath unit and a 1 bed / 1 bath unit. Each unit has its own washer/dryer and exterior entrances. There is alley access off street garage parking as well. Current rents are substantially under market. The property is professionally managed.

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Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Premiere Property Group LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-08-15T23:39:43.95.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Premiere Property Group LLC and should be independently verified.
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12911 NE Prescott Dr Portland, OR 97230

  • Price: $1,050,000
  • Status: Pending
  • On Site: 132 Days
  • Updated: 30 min ago
  • MLS #: 22542118
9
Beds
9
Baths
0
½ Baths
N/A
Acres
5,475
SQFT
$192
$/SQFT
1999
Built
Neighborhood:
Argay Terrace
County:
Multnomah
Area:
142-Portland Northeast
Elementary School:
Shaver
Middle School:
Parkrose
High School:
Parkrose
Property Description
12901-12911: Three well positioned value add duplexes with excellent tenant history. Cosmetic fixer with upside in below market rents. Located in the Argay Terrace neighborhood of NE Portland. The property consists of a 2 bed / 1.1 bath unit and a 1 bed / 1 bath unit. Each unit has its own washer/dryer and exterior entrances. There is alley access off street garage parking as well. Current rents are substantially under market. The property is professionally managed.
Exterior Features

Exterior Description Vinyl Siding Lot Description LevelTrees Lot Size 3000 To 4999 Sqft Parking Features Garage Roof Type Composition View YN No Water Description Public Water

Interior Features

Basement Crawl Space Foundation Details Concrete Perimeter Heating Description Baseboard Hot Water Description ElectricityTank Unit Features MicrowaveRangeRefrigeratorWasher/Dryer Unit Type1 Features MicrowaveRangeRefrigeratorWasher/Dryer Unit Type1 Sq Ft 725 Unit Type2 Features MicrowaveRangeRefrigeratorWasher/Dryer Unit Type2 Sq Ft 1100 Unit Type3 Features MicrowaveRangeRefrigeratorWasher/Dryer Unit Type3 Sq Ft 725 Unit Type4 Features MicrowaveRangeRefrigeratorWasher/Dryer Unit Type4 Sq Ft 1100 Unit Type5 Features MicrowaveRangeRefrigeratorWasher/Dryer Unit Type5 Sq Ft 725 Unit Type6 Features MicrowaveRangeRefrigeratorWasher/Dryer Unit Type6 Sq Ft 1100

Property Features

Bank Owned YN No Capitalization Rate 4.66 CCRs YN No Country Us Fuel Description Electricity Gross Income Actual 95885 Gross Income Projected 102600 Gross Rent Multiplier 10.95 Net Income Actual 48955 Net Income Projected 53645 Occupancy Types Leased Operating Expenses Actual 46930 Operating Expenses Projected 48955 Property Condition Existing Rent Includes Trash CollectionSewerWater Security Features Sidewalk Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage AttachedGarage(S) Tax Amount 13643.65 Third Party Approval YN No Unit Type1 Rent 999 Unit Type1 Units Total 1 Unit Type2 Rent 1260 Unit Type2 Units Total 1 Unit Type3 Rent 895 Unit Type3 Units Total 1 Unit Type4 Rent 1100 Unit Type4 Units Total 1 Unit Type5 Rent 995 Unit Type5 Units Total 1 Unit Type6 Rent 1700 Unit Type6 Units Total 1 Zoning Cm1

Listing provided courtesy of City And State Real Estate: 503-313-8149.


Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Premiere Property Group LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-08-15T23:39:43.95.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Premiere Property Group LLC and should be independently verified.
 
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Premiere Property Group LLC
5000 Meadows Rd. Suite 150
Lake Oswego OR, 97035