334 SE 4TH AVE, Hillsboro, OR 97123

$1,800,000
List Price
$1,800,000
Days on Market
117
MLS#
21158692
Property Type
Multifamily
Lot Size
10, 000 to 14, 999 SqFt
Region
Hillsboro, Forest Grove
Status
Active

Property Description

The City Center Apartments are located in Downtown Hillsboro and features 13 units. Property is on SE 4th Ave, in between SE Baseline St. and SE Oak St. (TV Hwy), and is only a block away from the Tri-met Max Hillsboro Central Station. Property is well maintained and has undergone many upgrades, including exterior paint, new water supply from the meter, replaced both staircases, 15 year roof coating, new tile in many units, all windows replaced with vinyl double pained windows.

Additional Information

Tax Amount
$10,698
Year Built
1971
High School
Glencoe
Elementary School
Lincoln
Middle School
Evergreen
Stories
2
Terms
Call Listing Agent, Cash, Conventional
Cooling Description
Heat Pump
Fuel Description
Electricity
Heating Description
Baseboard
Hot Water Description
Electricity
Exterior Description
Block
Roof Type
Flat
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
9550
Capitalization Rate
5.59
Operating Expenses Actual
54740
Gross Income Actual
155388
Gross Rent Multiplier
11.58
Net Income Actual
100647
Occupancy Types
Leased, Month To Month, Other
Road Surface
Paved
Number Of Units Total
13
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1050
Unit Type One Sq Ft
822
Unit Type One Units Total
2
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
985
Unit Type Two Sq Ft
467
Unit Type Two Units Total
10
Unit Type Three Baths Total
1
Unit Type Three Rent
870
Unit Type Three Sq Ft
368
Unit Type Three Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Hayden Group LLC.

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