1617 22ND AVE, Forest Grove, OR 97116

$499,900
List Price
$499,900
Days on Market
4
MLS#
18306849
Property Type
Multifamily
Lot Size
10, 000 to 14, 999 SqFt
Region
Hillsboro, Forest Grove
Status
Pending

Property Description

Fantastic investment opportunity! Four Plex, two duplexes on one tax lot. Single level, lots of parking, some recent updating. Rents are very low and leaves much room to build equity! Large flag lot, please do not disturb tenants. Offers subject to interior inspection. Fully occupied! Interior pictures to follow.

Additional Information

Tax Amount
$4,191
Year Built
1960
Garage Spaces
8
Stories
1
Terms
Cash, Conventional, FHA, VA Loan
Fuel Description
Electricity
Heating Description
Baseboard
Hot Water Description
Electricity
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Cumulative Days On Market
4
Sq Ft Approximate Building Total
2704
Capitalization Rate
5.56
Operating Expenses Actual
5808
Gross Income Actual
33600
Gross Rent Multiplier
14.88
Net Income Actual
27792
Occupancy Types
Month to Month
Utilities Included
Trash Collection, Sewer, Water
Number Of Units Total
4
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
700
Unit Type One Sq Ft
676
Unit Type One 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 Weichert, Realtors on Main Street.