Bought with Windermere Realty Trust
$1,070,000
$999,900
7.0%For more information regarding the value of a property, please contact us for a free consultation.
5,208 SqFt
SOLD DATE : 09/27/2024
Key Details
Sold Price $1,070,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,208 sqft
Price per Sqft $205
Subdivision Montavilla
MLS Listing ID 24529113
Sold Date 09/27/24
Year Built 2008
Annual Tax Amount $12,570
Tax Year 2023
Lot Size 5,227 Sqft
Property Description
Fantastic 4-plex property with unique hard-to-find 3 bedroom/2.1 bath, large 1300 square foot units great for longer term tenanncies. Stackable washer and dryer in every unit. Large living spaces. Kitchens include a range, refrigerator, dishwasher and disposal, built-in microwave, and spacious dining room. Living rooms have slider access to a fenced, private yard. All bedrooms are up. Primary has an en-suite bath with a shower and a walk-in closet. The second full bath has a tub/shower combination. Units are separately metered for electricity. Great for an owner-occupant after the lease ends 8/31/24. 6% cap rates are based on rent improvement to the highest rent level. Current cap rate of 5.5%. RUBS allows for utility bill back in all leases. Easy to get to mass trans, coffee, parks, and restaurants. 97 bike score. 82 walk score.
Location
State OR
County Multnomah
Area _142
Zoning RM2
Rooms
Basement Crawl Space
Interior
Heating Wall Heater
Exterior
Roof Type Composition
Parking Type On Street
Garage No
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Vestal
Middle Schools Roseway Heights
High Schools Jefferson
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
