3103-3109 SE 6th Ave, Portland, OR
Multi-family for Sale - $799,000 - 3,600 Sq. Ft. on 0.22 acres
Property Info
| CIMLS# | 828555 |
| Location 3103-3109 SE 6th Ave Portland OR 97202 | |
| Updated | April 25th, 2016 |
| Type | Multi-family |
| Price | $799,000 |
| Building | 3,600 Sq. Ft. |
| Land | 0.22 acres |
Property Description
This is an opportunity to purchase a fully occupied 4 plex located in the up and coming Brooklyn Neighborhood. The property was constructed in 1981 and has four spacious 2 bedroom, 1 bathroom units with fireplaces that are tucked away along a quiet residential street, while still being close to the major arterial street Powell Blvd. and McLouhglin Blvd. The new Orange Max Line and streetcar are only blocks away. This is an excellent opportunity to purchase a property with strong upside in a location that will be in demand in Portland for many years to come.
Location Description:
The property is located off of 6th Avenue at the west end of SE Kelly Street. The complex overlooks the Ross Island Bridge and an extra lot being utilized as parking for this and a neighboring property.
Highlights:
>> Large 2 bedroom units with fireplaces
>> New roof in September 2015
>> Extra land for parking, storage, or possibly development
>> Value add investment
>> Desirable close-in SE Portland location
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Financials
Sales Info:
>> Commision split: 2.75%