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Listing 16 out of 2,249
$3,600,000 For Sale

4039 SE Holgate Blvd
Portland, OR 97202

20 units | Multi Family Home - MLS# 18694639
Property Photo
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Description

Chelsea Manor features 20, well maintained units with a strong ownership history. Purchased from the developer, the property has one ownership group since 1977. Property features a laundry room with two pairs of property owned washers/dryers and storage for maintenance. Potential to increase rents upon turnover. This is a unique offering with strong street appeal, operations and tenant base.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Multnomah County
  • Zip Code: 97202
  • Year Built: 1977
  • Sq.Ft.: 15,148 sq ft
  • Stories: 2-Story
  • Units: 20 units
  • Garage: 20-Car
  • Lot Size: 15, 000 To 19, 999 Sqft
  • Zoning: R1
  • Area: Portland Southeast
  • Common Amenities: Laundry
  • Exterior: T-111 Siding, Vinyl Siding
  • Fuel: Electricity
  • Gross Income Actual: 250000
  • Gross Income Projected: 314640
  • Gross Rent Multiplier: 14.40
  • Heating: Baseboard
  • Hot Water: Electricity
  • Limited Representation: Full Service
  • Net Income Actual: 165575
  • Net Income Projected: 225690
  • Occupancy Types: Leased, Month To Month
  • Operating Expenses Actual: 88425
  • Operating Expenses Projected: 92950
  • Roof Type: Composition
  • Sewer: Public Sewer
  • Tax Amount: 29413.63
  • Terms: Call Listing Agent
  • Unit Features: Dishwasher, Range, Refrigerator
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator
  • Unit Type 1 Sq Ft: 500
  • Unit Type 1 Units Total: 2
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator
  • Unit Type 2 Sq Ft: 760
  • Unit Type 2 Units Total: 18
  • Utilities Included: Trash Collection, Sewer, Water
  • Water: Public
Courtesy of Joseph Bernard Llc
agent photo
Rod Erickson
Principal Broker

Gresham, OR 97030
Call: 503-349-0422
Email: raerickson@aol.com
Email: RodErickson@OregonFirst.com
 

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