Menu
 

9410 NE Gertz Ct, Portland, OR 97211


2 Bedrooms / 1 Baths / Single Family

For Sale: $174,000.00

Available

Contact Info

PD Investment Properties
 (503) 765-6780

View On Property Owner's Website


This property is brought to you by:
Northwest Real Estate Investors Association




Exciting Price Drop With the Potential for Income on Day ONE!


Charming 2BD/1BA Home located in NE Portland. *Remodeled in 2012. *Currently occupied by tenant for the past 5 years (income from day one!) $1160/month current rent (inlcudes HOA and garbage pick up). $1,500/month should easily be attainable goal from the start as $2,000/month is the market rent in this area. *Double digit cash on cash return for a quick, cash transaction of >10%, do nothing to bring rents to market and still realize an 8% ROI *After a cash closing and refinancing, the ROI (accounting for principal, 5% interest, taxes, insurance, HOA, and a rent of $1500) would be a whopping >11%! Plenty of buffer for vacancy rate, property management costs, and reserve budget! *Motivated seller, needs to close fast *Purchase Price: $174,000 Rare opportunity for net positive cash flow in the Portland area

Real Estate Promo is not responsible for the properties or the information listed here. Each Property is independantly owned.  Click on the link above to contact the Property Owner about this property.