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4920 SW Franklin Ave

Beaverton, OR 97005
  • $1,500,000
  • STATUS: Active
  • ON SITE: 3 days
  • MLS #: 21240602
New On Site 3 Days Ago
UPDATED: 21 min ago
$1,500,000
  • 4
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Information

Elementary School:
Middle School:
High School:

Description

2 buildings w/8 units total & parking. All units currently leased. On property laundry. Rent under market value & have the potential to be $1200/door. Walking distance to downtown Beaverton. Beaverton has plans for the development of the downtown district. Plans are available for public view on the city website. These tax lots are included in the development plans & the zoning allows for up to 30 units to be built on these tax lots. Buyer to do due diligence and confirm with city on allowances.

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Listing content is copyright © 2021 RMLS™, Portland, Oregon. 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 Fox Real Estate Group are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-06-13T18:39:37.887.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 Fox Real Estate Group and should be independently verified.
www.marcfoxhomes.com/homes/118074501
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4920 SW Franklin Ave Beaverton, OR 97005

  • Price: $1,500,000
  • Status: Active
  • Updated: 21 min ago
  • MLS #: 21240602
4
Beds
2
Baths
0
½ Baths
N/A
Acres
1957
Built
Neighborhood:
150-Beaverton/Aloha
County:
Washington
Area:
150-Beaverton/Aloha
Elementary School:
Raleigh Hills
Middle School:
Whitford
High School:
Beaverton
Property Description
2 buildings w/8 units total & parking. All units currently leased. On property laundry. Rent under market value & have the potential to be $1200/door. Walking distance to downtown Beaverton. Beaverton has plans for the development of the downtown district. Plans are available for public view on the city website. These tax lots are included in the development plans & the zoning allows for up to 30 units to be built on these tax lots. Buyer to do due diligence and confirm with city on allowances.
Exterior Features

Exterior Description Lap Siding Lot Description On BuslineCorner LotLevel Lot Size 20000 Sqft To .99 Acres Parking Features Open Roof Type Composition View YN No Water Description Public

Interior Features

Basement Crawl Space Heating Description Baseboard Hot Water Description Electricity Unit Features RangeRefrigerator Unit Type1 Features RangeRefrigerator Unit Type1 Sq Ft 700 Unit Type2 Features RangeRefrigerator Unit Type2 Sq Ft 1024

Property Features

Bank Owned YN No Capitalization Rate 4.21 Common Amenities Laundry Country Us Fuel Description Electricity Gross Income Actual 80400 Gross Income Projected 115200 Gross Rent Multiplier 18.66 Net Income Actual 63180 Net Income Projected 97980 Occupancy Types Leased Operating Expenses Actual 17220 Operating Expenses Projected 17220 Property Condition Existing Rent Includes Trash CollectionSewerWater Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage Attached Tax Amount 11805.15 Third Party Approval YN No Unit Type1 Rent 825 Unit Type1 Units Total 6 Unit Type2 Rent 900 Unit Type2 Units Total 2 Zoning Rcot

Listing provided courtesy of Keller Williams Realty Portland Premiere.


Listing content is copyright © 2021 RMLS™, Portland, Oregon. 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 Fox Real Estate Group are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-06-13T18:39:37.887.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 Fox Real Estate Group and should be independently verified.
 
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Fox Real Estate Group
17700 SW Upper Boones Ferry Rd #100
Portland OR, 97224