7403 N FESSENDEN ST, Portland, OR 97203

$980,000
List Price
$980,000
Days on Market
15
MLS#
19599157
Property Type
Multifamily
Lot Size
7, 000 to 9, 999 SqFt
Region
Portland North
Status
Pending

Property Description

Features 7- 2 bd units, 5- as 2 bd townhomes. Turnkey property with long-term tenants, quality interiors and new kitchens with tile backsplash and flooring. Recent improvements include: roof, garbage enclosure, fencing, sidewalks, attic insulation, exterior LED lighting, new shed and sewer line. Laundry room on site with property owned machines that transfer to the buyer. Fantastic opportunity to invest in a low maintenance property.

Additional Information

Tax Amount
$9,771
Year Built
1967
High School
Roosevelt
Elementary School
James John
Middle School
George
Garage Spaces
7
Stories
2
Terms
Call Listing Agent
Fuel Description
Electricity
Heating Description
Wall Furnace
Hot Water Description
Electricity
Roof Type
Shingle
Sewer Description
Public Sewer
Water Description
Public
Cumulative Days On Market
15
Sq Ft Approximate Building Total
6704
Capitalization Rate
5.05
Operating Expenses Actual
29774
Gross Income Actual
79230
Gross Rent Multiplier
12.37
Net Income Actual
49456
Occupancy Types
Leased, Month to Month
Utilities Included
Trash Collection, Sewer, Water
Parking Description
Assigned
Number Of Units Total
7
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1030
Unit Type One Sq Ft
700
Unit Type One Units Total
2
Unit Type Two Baths Total
2
Unit Type Two Beds Total
2
Unit Type Two Rent
915
Unit Type Two Sq Ft
1040
Unit Type Two Units Total
5

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Joseph Bernard LLC.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.