$925,000

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1823 Se Morrison St Portland, OR, United States 97214

This fully remodeled Victorian 4-plex in the Buckman neighborhood is an exceptional investment opportunity - with an exceptional cap rate over 6.5. Every unit has been fully updated with newer kitchens, bathrooms, paint, and flooring. Fresh new external paint just completed. Full building repipe in 2019. Sizable unfinished attic with good head height, and unfinished basement with separate entry, storage units and community laundry facilities. Floor plans vary. Common area backyard with fire pit, and off-street parking for two vehicles. Fully tenanted, and rents at market rate. Well located close to Belmont, Hawthorne and Public transit. Motivated seller - this is exceptional value in a perfect location. Walk Score 94 Bike Score 96.

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Multi Family
  • Home size: 2,896 ft2 / 269.04 m2
  • MLS: 24618193
  • Web ID: YXTHUR
  • Status: Active

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Property brokered by

John L. Scott Real Estate - WA/ID

(844) 880-3190

Get more listing details on brokerage site

Presented by James Begg

  • (503) 780-8288

Contact James Begg

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