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    5558 N Greeley Ave

    Portland, OR 97217
    • $550,000
    • STATUS: Pending
    • ON SITE: 28 days
    • MLS #: 21290593
    Pending
    UPDATED: 6 min ago
    $550,000
    • 3
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,960
      SQFT
    • $281
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Duplex in great condition with modern finishes. Investment opportunity in historically no vacancy rental. Property features hardwood flooring, mini-split A/C & heat in unit A, baseboard heating in bedrooms. Electricity separately metered. Rent upside for 1BD unit. Shared laundry in basement. Rents at $3195 a month! 5.01% Cap Rate; 14.35 Gross Rent Multiplier. Sellers to perform a 1031 Exchange at no cost to buyer.

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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 2021-08-04T18:40:02.193.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/119030473
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    5558 N Greeley Ave Portland, OR 97217

    • Price: $550,000
    • Status: Pending
    • Updated: 6 min ago
    • MLS #: 21290593
    3
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,960
    SQFT
    $281
    $/SQFT
    1915
    Built
    Neighborhood:
    141-Portland North
    County:
    Multnomah
    Area:
    141-Portland North
    Elementary School:
    Beach
    Middle School:
    Ockley Green
    High School:
    Jefferson
    Property Description
    Duplex in great condition with modern finishes. Investment opportunity in historically no vacancy rental. Property features hardwood flooring, mini-split A/C & heat in unit A, baseboard heating in bedrooms. Electricity separately metered. Rent upside for 1BD unit. Shared laundry in basement. Rents at $3195 a month! 5.01% Cap Rate; 14.35 Gross Rent Multiplier. Sellers to perform a 1031 Exchange at no cost to buyer.
    Exterior Features

    Exterior Description Asbestos Lot Size 5000 To 6999 Sqft View YN No Water Description Public

    Interior Features

    Basement UnfinishedStorage Space Foundation Details Concrete Perimeter Heating Description Mini Split Hot Water Description Electricity Unit Features Hardwood Floors Unit Type1 Features Hardwood Floors Unit Type1 Sq Ft 1100 Unit Type2 Features Hardwood Floors Unit Type2 Sq Ft 860

    Property Features

    Bank Owned YN No Capitalization Rate 5.01 Country Us Fuel Description Electricity Gross Income Actual 38340 Gross Income Projected 42000 Gross Rent Multiplier 14.35 Net Income Actual 27581 Net Income Projected 31168 Operating Expenses Actual 9992 Operating Expenses Projected 9992 Property Condition Existing Rent Includes Trash CollectionSewerWater Sewer Description Public Sewer Short Sale YN No Tax Amount 3371.20 Third Party Approval YN No Unit Type1 Rent 1900 Unit Type1 Units Total 1 Unit Type2 Rent 1295 Unit Type2 Units Total 1 Zoning R1

    Listing provided courtesy of Joseph Bernard 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 2021-08-04T18:40:02.193.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