5717 SE Foster Rd Portland, OR 97206
Listing Courtesy of: RMLS / Better Homes And Gardens Real Estate Realty Partners / Patrick Sheehan
$650,000

  5717 SE Foster Rd Portland, OR 97206

Active (30 Days)

Description

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.

MLS #:
23295758
Taxes
$2,980(2023)
Type
Multifamily
Year Built
1908
County
Multnomah County
Community
Foster-Powell
Bathroom Details
Subdivision
  • Foster/powell
Lot Information
  • On Busline
Property Features
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Forced Air
Basement Information
  • Storage Space
  • Full Basement
  • Exterior Entry
Exterior Features
  • Cement Siding
Utility Information
  • Sewer: Public Sewer
  • Fuel: Gas
School Information
  • Elementary School: Creston
  • Middle School: Kellogg
  • High School: Franklin
Parking
  • Open
Stories
  • 2
Additional Listing Info
  • Buyer Brokerage Commission: 2.5
Location
   
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