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Listed by Works Real Estate
$ 1,400,000
Est. payment | /mo
1,169 SqFt
$ 1,400,000
Est. payment | /mo
1,169 SqFt
Key Details
Property Type Commercial
Sub Type Light Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 1,169 sqft
Price per Sqft $1,197
MLS Listing ID 387456564
Year Built 1926
Annual Tax Amount $6,916
Tax Year 2024
Lot Size 1.300 Acres
Property Sub-Type Light Industrial
Property Description
-1.3 Acre fenced and gated RV/Boat Storage with seller financing available.- 9.5% Cap Rate on actuals - Seller carry terms yield 8.4% cash-on-cash return- Low vacancy, low maintenance with significant opportunity for increased revenue- All storage leases are month-month. New leases have filled at market rate with ease- Included 2 bedroom 1 bath 949 SF house for manager's residence, or additional rental income- Detached management officeSeller financing terms:- Down payment: $700,000- Interest rate: 5%- Term: 5 years- Amortization: 30 years- Monthly payment: $3,758
Location
State OR
County Multnomah
Area _141
Zoning IG2
Interior
Heating Wood Stove
Equipment SecuritySystem
Exterior
View River
Roof Type Composition
Garage No
Building
Story 1
Sewer Standard Septic
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
