Accountant · San Francisco, Bay Area · Member since 2016 · 34 posts · 16 votes
Hello BP,
I have a 5 unit lot in Portland, Oregon under contract ready to be assigned. Due to personal reasons, I cannot close on this property, but it is a great deal for another investor who can take over the contract.
Under contract for: $650,000
Average unit Price: $130,000
About the units:
One triplex with all 2 bedroom 1 bath units. Each unit is about 1,000 sq ft.
Two single family homes each 3 bedroom 1 bath units. The front house is about 1,800 sq ft, the back house is about 1,200 sq ft.
All on one tax lot in NE Portland.
Currently renting for $4,850 for all 5 units. Units do need repairs, but rents could be increased anywhere from $6,150 (Conservative) to $8,000 (About Market).
Current owners are motivated to sell.
I've done the due diligence on this deal, and can discuss pro-forma financials and inspection findings with any investors able to take over this contract. Please Direct Message me on BP if interested in assuming this contract.