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8503 SE Insley St, Portland, OR 97266

$1,549,000

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Property Description

Prime investment opportunity!!! Fully rented 9-plex in thriving area with development potential. This fully rented 9-plex apartment building presents a compelling investment opportunity, boasting a desirable location in an up-and-coming area with strong rental demand. Exceptional location situated within a thriving economic corridor, the property offers easy access to shopping, transit, and amenities, appealing to a wide range of renters. The area demonstrates high demand for rental properties, potentially including neighborhoods like Montavilla and Foster-Powell, known for their urban renewal and community appeal. The charming well-maintained building itself features common outdoor area, coin op laundry and ample parking. All situated on a level 0.52 acre lot that offers potential for additional units or future development, providing a valuable long-term asset.

8503 SE Insley St | MLS# 435583336

This multi-family property located at 8503 SE Insley St, Portland, OR 97266 is currently listed for sale with an asking price of $1,549,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: Window Unit(s)
Fuel Type: Electricity
Heating: WallHeater
Roof Type: Composition
Stories: 2.0
Taxes: $16,467
Year Built: 1971
Square Feet: 7,684

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator
Rent: $1500.00
Square Footage: 800
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator
Rent: $950.00
Square Footage: 800
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator
Rent: $1500.00
Square Footage: 800
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator
Rent: $1180.00
Square Footage: 800
Total Units: 1
Unit Type 5:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator
Rent: $850.00
Square Footage: 600
Total Units: 1
Unit Type 6:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator
Rent: $975.00
Square Footage: 600
Total Units: 1
Unit Type 7:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator
Rent: $1500.00
Square Footage: 800
Total Units: 1
Unit Type 8:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator
Rent: $1145.00
Square Footage: 800
Total Units: 1
Unit Type 9:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator
Rent: $1200.00
Square Footage: 800
Total Units: 1

Feature Descriptions

Days on Site: 255
Exterior: Brick, Lap Siding
Gross Income: $134600.00 (Actual)
Lot: Commons, Level
Net Income: $91600.00 (Actual)
Operating Expenses: $43000.00 (Actual)
Parking: Driveway, Paved
Parking Notes: Driveway, Paved
Sewer: Public Sewer
Units: 9
Water: Public Water

Local Schools

High School: Franklin
Middle School: Kellogg
Elementary School: Marysville

Listed By / Shown By

Listed By

Agency Name: ELEETE Real Estate
Agency Phone: 503-292-1500

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

$ 9,656.63 per month $7,832.59 Principal & Interest $1,372.25 Property Tax $451.79 Homeowner's Insurance

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