General Information

Presented By: Sunny Hildebrand

Hildebrand Realty

Phone: 508-730-0251

Email: Sunny@HildebrandRealty.com

Status: Sold

ML#: 17068567

Addr: 2005 NW Earl Ct

City: Gresham

County: Multnomah

Elem: Highland

High: Gresham

Middle: Clear Creek

Legal: ASPEN HIGHLANDS, BLOCK 3, LOT 22

Zoning: LDR5

Zip: 97030

Tax ID: R110196

Area: 144

Prop Type: Detached Single Family

Lot Desc: On Busline, Corner, Cul-de-sac, Level

Lot Size: 7,000 to 9,999 SqFt

# Stories: 1

Year Build: 1967 / Existing

# Units: 3

Approx Bldg SqFt: 2400

Roof: Composition Roofing

Storage: Attic, Deck

 

Style: 1 story, contemporary

Parking: Driveway, RV parking, RV park

Lvl: 1

Exterior: Lap Siding, Wood

Bsmt/Fnd: Crawlspace

Common Amenities: Commons

Remarks

XSt/Dir:Burnside to Eastman/223rd – North to Fairview Dr. – right; then left on 20th
Public:Corner lot. 2 bdrm/1 bath units, always rented, low-turnover, long-term tenants. Rents range from 750 to 1025 (rent amounts are as of September 1st). Potential to grow income and good natural & forced appreciation potential. Under 145k per unit!! Whether you are a seasoned investor or just starting out, this is a unique opportunity. Diversify your income with a true multi-family income property or owner occupy a unit?

Description of Units

#Units#BedrmsBathsMo.RentSQFT/UnitFeatures
1211025800Deck, Range, Refrigerator, Washer/Dryer Hookup
1211000800Deck, Range, Refrigerator, Washer/Dryer Hookup
121750800Deck, Range, Refrigerator, Washer/Dryer Hookup

Utilities

Heat: Wall

Fuel: Electric, electricity

Water: Public

Sewer: Public

Cool: 

Hot Water: Electric, electricity

Financial

Actual Gross Income:$33,300
Proj. Gross Income:$36,900
Cap Rate:5.16
Short Sale:N
Bank Owned/ REO:N
Actual Net Income:$22,179
Proj. Net Income:$27,756
Gross Rent Multiplier:12.9
Actual Oper. Expenses:$11,121
Proj Oper. Expenses:$9,144

Comparable

Pend: 9/1/2017DOM: 14Sold: 10/20/2017Terms: CONVO/Price: $429,500Sold: $425,000