Property Listing No Longer Available for Sale

8128 NE Beech St, Portland, OR

Multi-family for Sale - $599,000 - 3,984 Sq. Ft.


Property Info

CIMLS#910970
Location
  8128 NE Beech St
  Portland OR 97213
UpdatedNovember 6th, 2017
TypeMulti-family
Price$599,000
Building3,984 Sq. Ft.

Property Description

This is a solid, brick 4-plex in NE Portland.

Seller wants it sold. 4-plex $599,000.

8128 NE Beech St, Portland

Rents have been increased by 6.3% total. Still 20% below market rents. Great opportunity to build equity in just 2 to 3 years.

New roof and gutters, new vinyl windows and new outside paint.

It consists of one and two bedroom apartments. The garage rents out separately.

This 4-plex is clean, well maintained and everything works. One unit has been remodeled. Others can be remodeled when a tenants vacate and raise the rents.

In 11 years, it has never been a problem renting them. The North-South bus on 82nd stops right there! Or, walk one block to catch the west bus on Fremont.

The seller will entertain all reasonable offers. They want it sold.

Call George with any questions. (503) 317-0180

Feel free to drive by. Please do not talk to or disturb the tenants. Interior inspection shown after acceptance of an offer.

George Thompson

Real Estate Investment Broker

(503) 317-0180

MORE Realty, Inc

14945 SW Sequoia Pkwy, Suite 150

Portland OR 97224


Financials