Bought with Joseph Bernard LLC
$3,295,000
$3,195,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
24,000 SqFt
SOLD DATE : 01/12/2022
Key Details
Sold Price $3,295,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 24,000 sqft
Price per Sqft $137
MLS Listing ID 21676677
Sold Date 01/12/22
Year Built 1967
Annual Tax Amount $22,538
Tax Year 2020
Property Description
Twenty-20 two bedroom / 1 bath apartment units, 780 square feet each. Subject property has a stable/long-term operating history. Collected income: 2019($234,975), 2020($230,442 *modest Covid impact + five extensive unit turnovers resulted in temporary vacancies). Average current scheduled rent = $1,147 per unit. Highest rent currently achieved = $1,250. Primed for continued near-term income growth. New roofs in 2021 and sewer line to all 5 buildings in 2020.
Location
State OR
County Clackamas
Area _145
Zoning MR1
Interior
Heating Baseboard
Exterior
Roof Type Composition
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Middle Schools Other
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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