2160 SW KINGS CTPortland, OR97205
$600,000
3 total units
$55,860 annual income
Capitilization Rate: 6.36
2394 sq. ft
SqFt10000to14999
Elementary School: Chapman
Middle School: West Sylvan
High School: Lincoln
Zoning: CX
673 days on market
VestorFilter™
Price per unit$200K/unit
Price per ft²$250.63/ft²
Recent price drop$200,000
Time on market673 days
Property Description
Unique value-add opportunity in fantastic SW Portland hills location. Tri-plex* has below market rents, with one vacant unit not in rentable condition. Perfect for value-add buyer who wants to upgrade in the NW/SW hills, tucked behind the BMW dealership off SW Jefferson & includes parking. Potential to dramatically increase current income with a charming & rare vintage plex. Income/expense information based on the property being fully rented, actual income/expenses available upon accepted offer.
{{ compliance-logo }}Listing Provided By Joseph Bernard LLC
Financial Data
Date Sold2022-10-21
Sold Price$450,000
Price ChangeDropped $200,000 on 10/21/2022
Total $200,000 drop
Total $200,000 drop
Original Price$800,000
Current Price$600,000
Property Taxes$8,962
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Home Facts
StatusSold
Year Built1912
MLS ID22361375
Unit Details
Unit 1
Unit 2
Unit 3
