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5821 SE KNAPP ST PORTLAND, OR 97206
- Townhouse or Condo / Resale (MLS)
Property Details for 5821 SE KNAPP ST, PORTLAND, OR 97206
Features
- Price/sqft: $449
- Lot Size: 6500 sq. ft.
- Total Units: 1
- Stories: 100
- Roof Type: GABLE
- Heating: 7
- Construction Type: Wood
- Exterior Walls: Wood
Facts
- Year Built: 01/01/1942
- Property ID: 820621150
- MLS Number: 23166503
- Parcel Number: R118330
- Property Type: Townhouse or Condo
- County: MULTNOMAH
- Legal Description: BONITA PK, BLOCK 3, E 65 OF LOT 6
- Zoning: R5
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Welcome to this updated 4-plex (2 duplexes on same tax lot), ideally situated in the sought-after Brentwood-Darlington neighborhood. This property boasts four individual 2-bedroom, 1-bathroom units, individually fenced back yards, and each carefully upgraded to meet modern living standards. With a 5.0 Cap rate and a competitive 13.41 gross rent multiplier, this investment opportunity offers both promising returns and a solid financial foundation.Features include: Prime Location: Nestled in the desirable Brentwood-Darlington neighborhood, this property enjoys close proximity to schools, parks, shopping, dining, and public transportation. Tenants will appreciate the convenience of city living with a suburban feel.Professional Management: This investment property is professionally managed, ensuring hassle-free ownership and consistent cash flow. Sit back and watch your investment thrive.On-Site Laundry: Tenant convenience is a priority. With on-site laundry facilities, you'll attract and retain quality tenants who appreciate the added convenience.Strong Financials: With a Cap rate of 4.88 and a gross rent multiplier of 13.88, this property stands as a lucrative investment opportunity with potential for continued appreciation.The property is currently fully leased so please respect the current tenant's privacy.Don't miss out on this exceptional investment opportunity! Whether you're a seasoned investor looking to expand your portfolio or a first-time investor seeking a hassle-free income stream, this 4-plex is a must-see!!!
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Property Brokerage:
The Alpine Group Inc
4750 SW Washington Ave
Beaverton
OR
97005
Copyright © 2024 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.