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2416 SE Morrison St, Portland, OR 97214

$1,495,000

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Property Description

Prime investment opportunity in Buckman - high-demand rental location!Located in the heart of the Belmont/Hawthorne district, this property offers outstanding walkability (86) and bikeability (88), surrounded by popular dining, cafes, parks, transit, and retail.Modern, well-maintained corner-lot property featuring an open-concept layout, spacious great room, island kitchen with stainless steel appliances, wood flooring, and recessed lighting. Attractive design and functional layout appeal strongly to tenants.4 total units at 2416 & 2422 SE Morrison available for sale together.Consistently strong rental demand with excellent income potential and long-term appreciation upside.

2416 SE Morrison St | MLS# 745769962

This multi-family property located at 2416 SE Morrison St, Portland, OR 97214 is currently listed for sale with an asking price of $1,495,000. Search Portland real estate on drueripp.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, FullBasement
Fuel Type: Gas
Heating: Forced Air95Plus
Roof Type: Composition
Taxes: $11,335
Year Built: 2017

Units

Unit Type 1:
Bathroom(s): 3
Bedrooms: 4
Rent: $3045.00
Square Footage: 1637
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Rent: $1550.00
Square Footage: 507
Total Units: 1
Unit Type 3:
Bathroom(s): 3
Bedrooms: 4
Rent: $2895.00
Square Footage: 1584
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Bedrooms: 1
Rent: $1545.00
Square Footage: 624
Total Units: 1

Feature Descriptions

Days on Site: 89
Exterior: Cement Siding, Wood Siding
Gross Income: $99616.00 (Actual)
Hot Water: Gas
Lot: Level
Net Income: $79117.00 (Actual)
Operating Expenses: $20499.00 (Actual)
Parking: OnStreet
Parking Notes: OnStreet
Sewer: Public Sewer
Special View Info: City, Park/Greenbelt
Units: 4
Water: Public Water

Local Schools

High School: Franklin
Middle School: Sunnyside Env
Elementary School: Sunnyside Env

Listed By / Shown By

Listed By

Agency Name: MORE Realty
Agency Contact: 503-388-7777

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

$ 8,940.16 per month $7,559.53 Principal & Interest $944.58 Property Tax $436.04 Homeowner's Insurance

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