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2010 SE Sherman St, Portland, OR 97214

$1,795,000

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Property Description

Mediterranean 10-Unit just 2 blocks north of Division. Strong performing property, stucco exterior with newer vinyl windows and membrane roof with tile shingles accenting the apartment entryways. Eight (8) 1BR/1BA units and two (2) Studios with hardwood floors and tiled kitchens and baths. Timeless vintage courtyard features all new concrete walkways poured over steel rebar. This improvement has brought the courtyard back to its original glory. As you enter the courtyard there are two wings comprising six (6) units accessible directly from the courtyard and four (4) units anchor the building in the rear stacked on two levels. New sewer line. Basement features Laundry & Individual Storage. Solid upside on rents, last 1BR rented fast at $1,495 in just days. Professionally managed. Please Do Not Disturb Tenants.

2010 SE Sherman St | MLS# 554268406

This multi-family property located at 2010 SE Sherman St, Portland, OR 97214 is currently listed for sale with an asking price of $1,795,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: CrawlSpace, PartialBasement, StorageSpace
Fuel Type: Electricity
Heating: Baseboard, WallHeater
Roof Type: Flat, Membrane, Tile
Stories: 2.0
Taxes: $19,396
Year Built: 1927
Square Feet: 6,229

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 1
Features: HardwoodFloors, Range, Refrigerator
Rent: $1412.00
Square Footage: 540
Total Units: 8
Unit Type 2:
Bathroom(s): 1
Features: HardwoodFloors, Range, Refrigerator
Rent: $1145.00
Square Footage: 375
Total Units: 2

Feature Descriptions

Days on Site: 16
Exterior: Stucco
Gross Income: $167893.00 (Actual)
Hot Water: Electricity
Lot: Corner Lot
Net Income: $93017.00 (Actual)
Operating Expenses: $74876.00 (Actual)
Sewer: Public Sewer
Storage: Basement, IndividualStorageUnits
Units: 10
Water: Public Water

Local Schools

High School: Cleveland
Middle School: Hosford
Elementary School: Abernethy

Listed By / Shown By

Listed By

Agency Name: Equity Pacific Real Estate LLC
Agency Phone: 503-327-8237

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 11,216.37 per month $9,076.50 Principal & Interest $1,616.33 Property Tax $523.54 Homeowner's Insurance

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