6640 NE M L King Blvd

    Portland, OR 97211
    • $2,000,000
    • STATUS: Active
    • ON SITE: 59 days
    • MLS #: 19063555
    UPDATED: 48 min ago
    $2,000,000
    • 2
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 13,602
      SQFT
    • $147
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Opportunity Knocks! Builder is temporarily short on cash. Buy 19 unit in full construction swing and save a bundle! All the permits and plans are available on https://www.portlandmaps.com/. Already completed foundation, dry well, underground plumbing, and concrete slab is getting ready to be poured. Just step in and finish the build out! Want to start fresh? .28 Acre Land on MLK 1 block away, MLS#19385666

    Monthly Payment Calculator

    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 Matin Real Estate LLC | Inspire Realty, LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-11-11T19:59:04.59.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 Matin Real Estate LLC | Inspire Realty, LLC and should be independently verified.
    www.matinrealestategroup.com/homes/98921519

    6640 NE M L King Blvd Portland, OR 97211

    • Price: $2,000,000
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 19063555
    2
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    13,602
    SQFT
    $147
    $/SQFT
    2019
    Built
    Neighborhood:
    141-Portland North
    County:
    Multnomah
    Area:
    141-Portland North
    Elementary School:
    Woodlawn
    Middle School:
    Ockley Green
    High School:
    Roosevelt
    Property Description
    Opportunity Knocks! Builder is temporarily short on cash. Buy 19 unit in full construction swing and save a bundle! All the permits and plans are available on https://www.portlandmaps.com/. Already completed foundation, dry well, underground plumbing, and concrete slab is getting ready to be poured. Just step in and finish the build out! Want to start fresh? .28 Acre Land on MLK 1 block away, MLS#19385666
    Exterior Features

    Lot Description On Busline Lot Size 3000 To 4999 Sqft View YN No Water Description Public

    Interior Features

    Heating Description Other Unit Type1 Sq Ft 569 Unit Type2 Sq Ft 548 Unit Type3 Sq Ft 454 Unit Type4 Sq Ft 1030

    Property Features

    Bank Owned YN No Capitalization Rate 10.83 Country Us Fuel Description Other Gross Income Actual 286160 Gross Income Projected 286160 Gross Rent Multiplier 6.99 Net Income Actual 216664 Net Income Projected 216664 Occupancy Types Other Operating Expenses Actual 69496 Operating Expenses Projected 69496 Sewer Description Public Sewer Short Sale YN No Tax Amount 727.45 Third Party Approval YN No Unit Type1 Rent 1200 Unit Type1 Units Total 12 Unit Type2 Rent 1200 Unit Type2 Units Total 1 Unit Type3 Rent 1100 Unit Type3 Units Total 5 Unit Type4 Rent 2000 Unit Type4 Units Total 1 Utilities Included None Year Built Description Under Construction Zoning Cm3

    Listing provided courtesy of Premiere Property Group, Llc.
    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 Matin Real Estate LLC | Inspire Realty, LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-11-11T19:59:04.59.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 Matin Real Estate LLC | Inspire Realty, LLC and should be independently verified.
     
    Matin Real Estate LLC | Inspire Realty, LLC
    5441 SW Macadam Ave. Suite 208
    Portland OR, 97239
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