4435 SE BELMONT ST Portland OR 97215

Ideally located 12 unit multifamily and single family home on CM2 zoned land. Corner of 45th and SE Belmont!

New metal roofs, updated units, new exterior paint brand new parking lot with a 17 year lease on one half of the lot, storage, coin op laundry.

Excellent tenant history and very easy to lease. Rents have been steadily increasing and every unit is a corner, with tons of natural light.

Rent roll and YTD financials are available upon request.

Home is to be included in the sale located at 823 SE 45th and is $500,000.

*sellers are the brokers.

• TURN KEY ASSET!

• Located on corner of 45th and SE Belmont

• Walking distance to shops, restaurants, transportation.

• Beautiful parks close by. Laurelhurst & Mt. Tabor

• New Paint

• Roof is a 70 year metal roof, installed 3 years ago

• Brand new parking lot

• 1/2 of parking has a 17 year lease on it, paid by neighboring building. Rate goes up $50 a month each year for 17 more years. 10 spaces

• 6 parking spaces

• New front façade

• Separately gas and electric metered

• Coin op washer and dryer

• Storage units in basement

• New water heater

• Many units have been turned with hard surface flooring, light fixtures, updated bathrooms, windows

• Below market rents on multiple units

• Home located at 823 SE 45th is to be part of the transaction. Covered land play, redevelopment option.

• *Financial numbers are based on the 12 unit multifamily

• $2,450,000 for the apartment, $500,000 for home/land