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    4128 N Michigan Ave

    Portland, OR 97217
    • $2,048,900
    • STATUS: Active
    • ON SITE: 3 days
    • MLS #: 21281595
    New On Site 3 Days Ago
    UPDATED: 31 min ago
    $2,048,900
    • 10
      BEDS
    • N/A
      ACRES
    • 11
      BATHS
    • 0
      1/2 BATHS
    • 5,941
      SQFT
    • $345
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2021
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Investors 2 modern townhomes w/luxury finishes in highly desirable NoPo neighborhood. Walk to Mississippi shops/cafes/restaurants. Top level is perfect for entertaining featuring a family room w/wet bar, bath & rooftop deck w/stunning City view. Each townhome has 2 rentable units (est rents): main house 3/3.1 w/rooftop deck 3,500/mo plus ground level ADU. 4128 ADU 2/1 1,900/mo. 4130 ADU 2/2 2,300/mo OR potentially 2 leasable areas total 3,700/mo buyer to verify. Photos/videos of 4124 N Michigan.

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    Listing content is copyright © 2021 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 Beach Loop Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-06-12T15:40:01.95.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 Beach Loop Realty and should be independently verified.
    www.beachlooprealty.com/homes/118035373
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    4128 N Michigan Ave Portland, OR 97217

    • Price: $2,048,900
    • Status: Active
    • Updated: 31 min ago
    • MLS #: 21281595
    10
    Beds
    11
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,941
    SQFT
    $345
    $/SQFT
    2021
    Built
    Neighborhood:
    Boise
    County:
    Multnomah
    Area:
    141-Portland North
    Elementary School:
    Boise-Eliot
    Middle School:
    Harriet Tubman
    High School:
    Grant
    Property Description
    Investors 2 modern townhomes w/luxury finishes in highly desirable NoPo neighborhood. Walk to Mississippi shops/cafes/restaurants. Top level is perfect for entertaining featuring a family room w/wet bar, bath & rooftop deck w/stunning City view. Each townhome has 2 rentable units (est rents): main house 3/3.1 w/rooftop deck 3,500/mo plus ground level ADU. 4128 ADU 2/1 1,900/mo. 4130 ADU 2/2 2,300/mo OR potentially 2 leasable areas total 3,700/mo buyer to verify. Photos/videos of 4124 N Michigan.
    Exterior Features

    Exterior Description Lap SidingCement Siding Lot Size 3000 To 4999 Sqft Roof Type Flat View City View YN Yes Water Description Public

    Interior Features

    Basement FinishedSeparate Living Quarters/Apartment/Aux Living Unit Cooling Description Other Heating Description Mini Split Hot Water Description ElectricityTankless Unit Features DeckDishwasherRangeRefrigeratorWasher/Dryer Hookup Unit Type1 Features DeckDishwasherRangeRefrigerator Unit Type1 Sq Ft 2282 Unit Type2 Features DeckDishwasherRangeRefrigerator Unit Type2 Sq Ft 2174 Unit Type3 Features DishwasherRangeWasher/Dryer Hookup Unit Type3 Sq Ft 778 Unit Type4 Features DishwasherRangeWasher/Dryer Hookup Unit Type4 Sq Ft 707

    Property Features

    Bank Owned YN No Capitalization Rate 5.90 Country Us Fuel Description Electricity Gross Income Actual 151200 Gross Income Projected 151200 Gross Rent Multiplier 13.55 Net Income Actual 120960 Net Income Projected 120960 Operating Expenses Actual 30240 Operating Expenses Projected 30240 Property Condition Under Construction Rent Includes None School High2 Jefferson Seller Disclosure Exempt Sewer Description Public Sewer Short Sale YN No Tax Amount 1.00 Third Party Approval YN No Unit Type1 Rent 3500 Unit Type1 Units Total 1 Unit Type2 Rent 3500 Unit Type2 Units Total 1 Unit Type3 Rent 2300 Unit Type3 Units Total 1 Unit Type4 Rent 1900 Unit Type4 Units Total 1 Zoning Rm1

    Listing provided courtesy of Premiere Property Group, Llc.


    Listing content is copyright © 2021 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 Beach Loop Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-06-12T15:40:01.95.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 Beach Loop Realty and should be independently verified.
     
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    Beach Loop Realty
    535 2nd Street SE
    Bandon OR, 97411