5717 SE FOSTER RD Portland, OR 97206
Price:
$599,000
Units:
4
Unit 1:
2 Bed 1.0 Bath $1,750/mo
Features: Dishwasher, Range, Refrigerator, Washer/Dryer
Unit 2:
1 Bed 1.0 Bath $1,220/mo
Features: Dishwasher, Range, Refrigerator, Washer/Dryer
Unit 3:
$750/mo
Unit 4:
$116/mo
MLS#:
23295758
Lot Size:
3,000 to 4,999 SqFt
Type:
Multi
Zone:
CE
Yr Built:
1908
Taxe/yr:
$2,980.33
County:
Multnomah
Status:
Active
Levels:
2
Heat:
Forced Air
Nhood/Bldg:
FOSTER/POWELL
Elem:
Creston
Middle:
Kellogg
High:
Franklin
Lot Desc:
On Busline
Area:
Portland Southeast
Courtesy of:
Better Homes & Gardens Realty
Remarks:
Residential / Commercial mixed use gem! Upper level (currently vacant) completely remodeled 1 bed/1 bath apartment previously rented for $1,220/month. Downstairs is a live/work 2 bed 1 bath remodeled unit with 2 years left on a $1,750/mo lease to a hair studio. Both access to shared basement storage and laundry. Food cart spot will bring in $750/month, and billboard pays $116 a month. Tenants pay garbage, water, gas, and electricity. Newer roof, siding, HVAC, and sewer line. Upper unit is vacant, call for showing. Lower unit viewable with accepted offer. Projected income includes new food cart space that has not had rental history. 6 cap rate when including the food cart space.

We’ll get back to you as soon as we’re able. But if you need us sooner, feel free to call Brian at 503-810-2219 with your questions.

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