Tour: 1120 SW Broadway Dr, Portland, OR 97201

1120 SW Broadway Dr, Portland, OR 97201

MLS 374309510 ♦ $899,000
2 bd 1 bath in upper two units, 1 bed 1 bath lower unit

Fully remodeled units that rent quickly and have low taxes…The electrical was just completed (all new service) so this building is a legal tri-plex. Quartz countertops, high end LVP flooring, all with a view. This is the income property you’ve been looking for. No amount of superlatives can fully describe the Marquam Park location, its views, and abundant wildlife…all close to downtown with OHSU closer.

Updates include:

Unit 1 (top): LVP flooring/Barn doors/Kitchen Cabinets/Quartz countertops/SS appliances/LED lighting/Microwave, new toilet
Unit 2 (middle): LVP flooring/Kitchen Cabinets/Quartz countertops/Barn Doors/SS Appliances/LED lighting/bath 6 years new(fridge in this unit is white in pics but is now stainless)
Unit 3 (lower) with New Carpet/tile/appliances (no dishwasher)/washer & dryer/Acacia wood kitchen countertop.

View, View, View…Abundant wildlife…Remarkable rent history typified by the latest rental of unit ‘A’…50 inquiries in 72 hours…it had to be shut down…Taxes are low at $6,214.72. Cap Rate based on projected income from the rented units and the owner occupied unit is 6.65. Buyers agent concessions available