605 E HEREFORD ST, Gladstone, OR 97027

$539,500
List Price
$539,500
Days on Market
4
MLS#
19042201
Property Type
Multifamily
Lot Size
10, 000 to 14, 999 SqFt
Region
Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
Status
Pending

Property Description

One Level Two Side by Side Buildings 1985 FOURPLEX in the heart of quiet Gladstone. Well kept property w/patios, storage, w/d hook-up, off-street parking, Walk to school, shopping and restaurants. Easy transportation. Great upside. Fully occupied long term tenants rented WELL BELOW MARKET. Buyer to assume tenants at close. Great opportunity for investors. Please do not disturb tenants. WRITE ALL OFFERS SUBJECT TO INTERIOR INSPECTION.

Additional Information

Tax Amount
$7,175
Year Built
1985
High School
Gladstone
Elementary School
John Wetten
Middle School
Kraxberger
Garage Spaces
8
Stories
1
Subdivision
Gladstone Village
Terms
Cash, Conventional
Basement Foundation
Crawl Space
Cooling Description
None
Fuel Description
Electricity
Heating Description
Zoned
Hot Water Description
Electricity
Exterior Description
Vinyl Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Cumulative Days On Market
4
Sq Ft Approximate Building Total
2750
Capitalization Rate
4.95
Operating Expenses Actual
9300
Gross Income Actual
36000
Gross Rent Multiplier
14.99
Net Income Actual
26700
Occupancy Types
Month to Month
Utilities Included
Trash Collection, Sewer, Water
Parking Description
Open
Covenants/Restrictions
Yes
Number Of Units Total
4
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
784
Unit Type One Sq Ft
755
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
784
Unit Type Two Sq Ft
755
Unit Type Two Units Total
2
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
752
Unit Type Three Sq Ft
685
Unit Type Three Units Total
3
Unit Type Four Baths Total
1
Unit Type Four Beds Total
2
Unit Type Four Rent
741
Unit Type Four Sq Ft
685
Unit Type Four Units Total
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Premiere Property Group, LLC.

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