5 Units - Portland, OR Contract to Assign

[Ashley Watkins]

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.

Thank you,

Ashley Watkins