$779,450 EMV

4 Baths   2,288 Sq. Ft.   Multi-Family
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N Mohawk Ave # 9034
Portland, OR 97203


This Multi-Family Preforeclosure is located at N Mohawk Ave # 9034, Portland, OR 97203. It has 4 Baths , 2,288 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $779,450
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Status: Active
Listing ID: 58395663

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Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.


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Rental Value

The estimated rental value for N Mohawk Ave # 9034 located in Portland, OR is $1,750/month. Comparable homes around N Mohawk Ave # 9034 that are rentals have monthly ranges starting as low as $1,400 per month and as high as $2,100 per month. An owner looking to use this property as an investment could bring a return in the area of $1,400 - $2,100 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Portland, OR
Home Inspectors
Ideal Property Inspections, LLC
Roland G. Zapata
Walker Inspection Service
Susan Walker
Blue Ribbon Home Inspections
Scott R Spaulding
Associated Master Inspectors, LLC Inc
Jay Hensleigh
Tabor Northwest Home Inspections
Zach Cross

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Homes On This Street
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N Mohawk Ave # 9034
Portland, OR 97203

4 Baths   2,288 sq. ft.   Multi-Family

$779,450 EMV

Status: Active Listing ID: 58395663

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