1046 NE 17th Ave, Hillsboro, OR 97124

$3,150,000

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Property Description

Welcome to your next investment opportunity.This well-maintained 18-unit apartment complex is located in a desirable neighborhood with convenient access to shopping, major roadways, and daily amenities.The property is owner-managed and 100% occupied, reflecting stable operations. An on-site laundry room provides additional income. All rental agreements are month-to-month, except for one unit with approximately five months remaining on its lease.No rent increases have been implemented in the past 13 months, offering immediate upside potential for a new owner.Please do NOT disturb tenants.No site visits without a scheduled appointment.

1046 NE 17th Ave | MLS# 667222586

This multi-family property located at 1046 NE 17th Ave, Hillsboro, OR 97124 is currently listed for sale with an asking price of $3,150,000. Search Hillsboro real estate on drueripp.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Fuel Type: Electricity
Heating: Baseboard
Roof Type: Composition
Stories: 2.0
Taxes: $21,133
Year Built: 1975

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Range, Refrigerator
Rent: $1400.00
Square Footage: 836
Total Units: 15
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Range, Refrigerator
Rent: $1200.00
Square Footage: 608
Total Units: 2
Unit Type 3:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator
Rent: $1700.00
Square Footage: 1150
Total Units: 1

Feature Descriptions

Days on Site: 19
Exterior: Panel, Wood Siding
Gross Income: $302439.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $199146.00 (Actual)
Operating Expenses: $103293.00 (Actual)
Parking: Open
Parking Notes: Open
Sewer: Public Sewer
Special View Info: Territorial
Units: 18
Water: Public Water

Local Schools

High School: Liberty
Middle School: Poynter
Elementary School: Mooberry

Listed By / Shown By

Listed By

Agency Name: Great Western Real Estate Co
Agency Contact: GreatWesternRE@gmail.com

Shown By

Agent Name: Drue Ripp, Broker
Agent Phone: Cell: (541) 668-0339
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 18,607.95 per month $15,928.11 Principal & Interest $1,761.08 Property Tax $918.75 Homeowner's Insurance

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