890 NW Division St

    Gresham, OR 97030
    • $3,600,000
    • STATUS: Pending
    • ON SITE: 85 days
    • MLS #: 19485563
    Under Contract
    UPDATED: 48 min ago
    $3,600,000
    • 7
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 20,400
      SQFT
    • $176
      $/SQFT
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    The Colonial Heights Apts feature 19 large units, a mix of 2 BD flats (4) and 2 & 3 BD (8 each) townhouse style units. Located across the street from the Gresham Station Mall & the Gresham City Hall max station, the apartments are a fantastic place for tenants to live. The large lot has extensive off-street parking, with an additional 4, double-deep carports. 8 of the units have been extensively remodeled, all units have W/D hookups.

    Monthly Payment Calculator

    The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than McKillion Real Estate Group | Premiere Property Group, LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-10-20T22:59:16.533.Data deemed reliable but not guaranteed.

    Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or McKillion Real Estate Group | Premiere Property Group, LLC and should be independently verified.
    www.mckillion.com/homes/97310398

    890 NW Division St Gresham, OR 97030

    • Price: $3,600,000
    • Status: Pending
    • Updated: 48 min ago
    • MLS #: 19485563
    7
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    20,400
    SQFT
    $176
    $/SQFT
    1965
    Built
    Neighborhood:
    144-Gresham/Sandy/Troutdale/Corbett
    County:
    Multnomah
    Area:
    144-Gresham/Sandy/Troutdale/Corbett
    Elementary School:
    West Gresham
    Middle School:
    Dexter Mccarty
    High School:
    Gresham
    Property Description
    The Colonial Heights Apts feature 19 large units, a mix of 2 BD flats (4) and 2 & 3 BD (8 each) townhouse style units. Located across the street from the Gresham Station Mall & the Gresham City Hall max station, the apartments are a fantastic place for tenants to live. The large lot has extensive off-street parking, with an additional 4, double-deep carports. 8 of the units have been extensively remodeled, all units have W/D hookups.
    Exterior Features

    Garage Or Parking Spaces 47 Lot Size 1 To 2.99 Acres Parking Description CarportPaved Roof Type Composition View YN No Water Description Public

    Interior Features

    Heating Description Baseboard Hot Water Description Electricity Unit Features Washer/Dryer Hookup Unit Type1 Features Washer/Dryer Hookup Unit Type1 Sq Ft 1000 Unit Type2 Features Washer/Dryer Hookup Unit Type2 Sq Ft 975 Unit Type3 Features Washer/Dryer Hookup Unit Type3 Sq Ft 1200

    Property Features

    Bank Owned YN No Capitalization Rate 5.88 Country Us Fuel Description Electricity Gross Income Actual 291486 Gross Income Projected 315906 Gross Rent Multiplier 12.35 Net Income Actual 211838 Net Income Projected 234854 Occupancy Types LeasedMonth To Month Operating Expenses Actual 79648 Operating Expenses Projected 81052 Sewer Description Public Sewer Short Sale YN No Tax Amount 27093.90 Third Party Approval YN No Unit Type1 Rent 1140 Unit Type1 Units Total 3 Unit Type2 Rent 1181 Unit Type2 Units Total 8 Unit Type3 Rent 1392 Unit Type3 Units Total 8 Utilities Included Trash CollectionSewerWater Zoning Tldr

    Listing provided courtesy of Joseph Bernard Llc.
    The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than McKillion Real Estate Group | Premiere Property Group, LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-10-20T22:59:16.533.Data deemed reliable but not guaranteed.

    Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or McKillion Real Estate Group | Premiere Property Group, LLC and should be independently verified.
     
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