Bought with J Residential Properties
$1,660,000
$1,750,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
8,365 SqFt
SOLD DATE : 01/31/2025
Key Details
Sold Price $1,660,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,365 sqft
Price per Sqft $198
Subdivision South Portland
MLS Listing ID 24024738
Sold Date 01/31/25
Year Built 1979
Annual Tax Amount $20,256
Tax Year 2023
Lot Size 10,018 Sqft
Property Description
Seller will carry a first position loan at terms to be provided! 6.12 Cap Rate! 5 Unit apartment community in the heart of SW Portland, John's Landing & South Portland neighborhood. Minutes to downtown Portland & ideal for owner occupy! The property's 1, 3 & 4 bedroom units feature large floor plans, fully equipped kitchens w/stainless appliances, fireplaces, A/C, in-unit washer & dryer, patios or balconies & attached garages. Photos of Unit 5017 is 1900 sq. ft. apartment w/4 bedrooms, 2.5 bathrooms & river views. Photos of Unit 5021 is 2200 sq. ft. apartment w/4 bedrooms, 2.5 bathrooms and 2 car garage.Minutes to mass transit, freeways, shopping & recreation. Seller financing available, terms to be provided upon request. Additional utility offset paid by tenants $44 per person in each unit. Currently is $704 per month. Most units are nicely updated. Do not disturb tenants, Showing subject to Buyer qualifications and acceptable offer.
Location
State OR
County Multnomah
Area _148
Zoning R1
Rooms
Basement Daylight, Finished
Interior
Heating Forced Air90, Wall Heater
Cooling Central Air, Wall Unit
Exterior
Garage Spaces 6.0
View Mountain, River, Valley
Roof Type Composition
Garage No
Building
Lot Description Sloped
Story 2
Foundation Block, Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Capitol Hill
Middle Schools Jackson
High Schools Ida B Wells
Others
Acceptable Financing Cash, Contract, Conventional, OwnerWillCarry
Listing Terms Cash, Contract, Conventional, OwnerWillCarry
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