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883 SE 11TH AVE , Hillsboro

$600,000 MLS #: 11646171

883 SE 11TH AVE
Hillsboro, OR 97123

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Here is an opportunity for position in a strong rental market on a proven commodity. Exceptional value, based upon a cap rate of 7% for past 3 years' NOI, is even more attractive with an assumable loan at 7% and an income producing laundry facility. Three one-level buildings of 2bed/1bath units with solid operational history, low turnover/vacancy & good tenant relations.

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Property Details

Listing Status	Active
Property Category	MULTIFAMILY
Year Built	1960
Year Built	Approximately
Lot Size	20,000 Square Feet to .99 Acres
Lot Description	Cul-de-sac,Level
Bank Owned Y/N	No
Short Sale Y/N	No
County	Washington
Area	Hillsboro, Forest Grove
Subdivision	Parkside Apartments
School - Elementary	WITCH HAZEL
School - Middle	SOUTH MEADOWS
School - High	HILLSBORO
Fuel Description	Electric, Electricity
Number Of Units Total	10
Exterior Description	T-111 Siding,Wood
Garage/Parking Spaces	15
Basement/Foundation	Crawlspace
Roof Type	Composition Roofing
Cooling Description	None
Green Certification Y/N	No
Levels	1
Water Description	Public
Heating Description	Baseboard
Hot Water Description	Electric, Electricity
Tax Amount	7996.19
Sewer Description	Public
Parking Description	Open,Paved

Listing Courtesy of Windermere West LLC

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Phil & Viola Wax - Keller Williams Realty Professionals are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright ©2009 RMLS™, Portland, Oregon.

This content last updated on 05/23/2012 at 12:00 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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