Bought with Summa Real Estate Group
$940,000
$895,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
8430 NE KNOTT ST Portland, OR 97220
3,732 SqFt
Key Details
Sold Price $940,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,732 sqft
Price per Sqft $251
Subdivision Madison South
MLS Listing ID 22569532
Sold Date 03/28/22
Year Built 2000
Annual Tax Amount $8,870
Tax Year 2020
Property Description
Strong performing townhome style fourplex nestled in the Madison Place Community of NE Portland. The property consists of 3 Two Bed / 1.5 Bath units and 1 Two Bed / 1 Bath unit. Each unit has its own single car parking garage, washer/dryer, fireplaces and is professionally managed with an HOA. The current rents on the property are substantially under market. The current CAP rate on this asset is 5.11 with a proforma of 5.6.
Location
State OR
County Multnomah
Area _142
Zoning RM2
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Exterior
View Territorial
Roof Type Composition
Parking Type Assigned, Garage
Garage No
Building
Lot Description Level, Trees
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Jason Lee
Middle Schools Roseway Heights
High Schools Leodis Mcdaniel
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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