NOT LISTED FOR SALE

4751 NE 99th Ave Portland, OR 97220

Parkrose Neighborhood
-- Bed
5 Baths
3,900 Sq Ft
7,405 Sq Ft Lot

Last Sold August 21, 2019

Last sale price $600,000 $154 Per Sq Ft

22 Days on Market

Highlights

  • Window Unit Cooling System
  • Handicap Accessible
  • Controlled Entrance
  • Storage
  • Zoned Heating
  • Level Lot

About This Home

As of August 2019

A rare gem, rents are under market value which is an opportunity for you - Projected Cap Rate of 7.26% and a 9.09 Gross Rent Multiplier! Same owner for 26 years! New roof and exterior paint. Offer subjected to interior inspection, Please Do Not Disturb Tenants. Call Vinh for a proforma of this property. Owner is also open to seller financing with a large down payment.SOLD As-Is, seller to do no repairs.

Last Agent to Sell the Property

Vinh Nguyen

eXp Realty, LLC License #201216722 Listed on: 04/10/2019

eXp Realty, LLC

Last Buyer's Agent

Adam Kaplan

Branch Real Estate License #201216842

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,810

Year Built

  • Built in 1966

Lot Details

  • 7,405

Parking

  • 6 Car Garage
  • Open Parking
  • Controlled Entrance

Home Design

  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,900 Sq Ft Home
  • 1-Story Property
  • Storage
  • Crawl Space

Schools

  • Prescott Elementary School
  • Parkrose Middle School
  • Parkrose High School

Utilities

  • Window Unit Cooling System
  • Zoned Heating
  • Electric Water Heater

Additional Features

  • Handicap Accessible
  • Level Lot

Listing and Financial Details

  • Rent includes ground maintenance, trashcollection, water
  • Assessor Parcel Number R261535

Community Details

Overview

  • 5 Units
  • Parkrose Subdivision

Building Details

  • Operating Expense $20,428
  • Gross Income $50,400
  • Net Operating Income $28,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,810

Year Built

Built in 1966

Lot Details

0

Parking

6

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1966
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodComposite
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Lot Features: Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Open, Paved
  • Attached Garage: No
  • Garage Spaces: 6.0
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Entry, HandicapAccess
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Prescott
  • High School: Parkrose
  • Middle Or Junior School: Parkrose

Lot Info

  • Zoning: R2
  • Parcel #: R261535

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2017
  • Tax Annual Amount: 5809.66

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 11.9
  • Annual Gross Income: 50400.0
  • Property Net Operating Income: 28460.0
  • Annual Operating Expense: 20428.0

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2019 08/21/19 Sold $600,000 0.0% $154 / Sq Ft
05/02/2019 05/02/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $600,000 -- $154 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Vinh Nguyen

    Seller's Agent in 2019

    Vinh Nguyen

    eXp Realty, LLC

    (503) 799-0844

    1 in this area

    36 Total Sales

    Vinh Nguyen
    Section Image
  • Adam Kaplan

    Buyer's Agent in 2019

    Adam Kaplan

    Branch Real Estate

    (503) 354-4061

    1 in this area

    194 Total Sales

    Adam Kaplan
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19626238

Regional Multiple Listing Service (RMLS)

APN: 1N2E21AD 06600

Oregon Multnomah County Portland 97220 Parkrose

4751 NE 99th Ave, Portland, OR

This home is located at 4751 NE 99th Ave, Portland, OR 97220 since 10 April 2019. This property was built in 1966. 4751 NE 99th Ave is a home located in Multnomah County with nearby schools including Prescott Elementary School, Parkrose Middle School, and Parkrose High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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