- ADDRESS:
- 6908 N ROBERTS AVE Portland, OR 97203
- VIDEOS:
- Virtual Tour Print this Listing
- Price:
- $1,700,000
- Ft²:
- 1013
- Acres:
- 1.3
- MLS#:
- 635124088
- Lot Size:
- 1 to 2.99 Acres
- Zone:
- IG2
- County:
- Multnomah
- Style:
- 1 Story
- Yr Built:
- 1926
- Status:
- Active
- Levels:
- 1
- Heat:
- Wood Stove
- Roof:
- Composition
- View:
- River
- Area:
- Portland North
- Courtesy of:
- Works Real Estate
- Remarks:
- -1.3 Acre fenced and gated RV/Boat Storage with seller financing available.- 7.4% Cap Rate on actuals - Seller carry terms yield 8.3% cash-on-cash return- Low vacancy, low maintenance with significant opportunity for increased revenue- All storage leases are month-month. New leases have filled at market rate with ease- Included 2 bedroom 1 bath 949 SF house for manager’s residence, or additional rental income- Detached management officeSeller financing terms:- Down payment: $700,000- Interest rate: 6%- Term: 5 years- Amortization: 30 years- Monthly payment: $5,996