NOT LISTED FOR SALE
2 Beds
1 Bath
41,320 Sq Ft
1995 Built

Sale Details

Date Sold: October 1, 2014

Last sale price $3,400,000 $82 Per Sq Ft

201 Days on Market

Highlights

  • Deck
  • Property is near bus stop
  • Washer and Dryer
  • Storage
  • Outdoor Storage
  • Level Lot

About This Home

As of October 2014

Opportunity to purchase a pride of ownership, turnkey apartment complex. Excellent Gresham location with historical low vacancy. Property offers a good cash on cash return.

Last Agent to Sell the Property

Michelle Maltase

M Maltase Real Estate Group License #200309223 Listed on: 09/12/2013

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1995

Parking

  • Carport
  • Paved Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Storage
  • Washer and Dryer

Kitchen

  • Dishwasher
  • Disposal

Outdoor Features

  • Deck
  • Outdoor Storage

Additional Features

  • Level Lot
  • Property is near bus stop
  • Electric Water Heater

Community Details

  • 40 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1995

Parking

48

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 41320
  • Stories: 2
  • Year Built: 1995
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Slab
  • Legal Description: SECTION 03 1S 3E, TL 2400 1.70 ACRES
  • Storage: Deck, Individual Storage Units

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 1 to 2.99 Acres
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 48
  • Parking Description: Carport, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard
  • Security Or Entry: Sidewalk
  • Utilities Included: Trash Collection, Water

Condo/Co-op/Association

  • Common Amenities: Laundry
  • Unit Features: Deck, Dishwasher, Disposal, Washer/Dryer

Lot Info

  • Lot Description: On Busline, Level
  • Zoning: DTM

Tax Info

  • Tax Amount: 34527.99
  • Assessor Parcel Number: R337420

Multi Family

  • Unit Type: 1
  • Number Of Units Total: 40

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2013
Closed on
Sep 22, 2014
Sold by
Bought by
Seller's Agent
Michelle Maltase
M Maltase Real Estate Group
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$3,500,000
Sold Price
$3,400,000
Premium/Discount to List
-$100,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
4.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 6, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,395,000
Interest Rate
6.26%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
5.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 2001
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,400,000 Fidelity National Title
$3,250,000 Fidelity Natl Title Co Of Or
$2,300,000 Ticor Title Insurance Compan
$1,823,000 Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $4,250,000
Closed $2,300,000
Previous Owner $1,395,000
Previous Owner $1,700,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/01/2014 10/01/14 Sold $3,400,000 -2.9% $82 / Sq Ft
04/01/2014 04/01/14 Pending -- -- --
09/12/2013 09/12/13 For Sale $3,500,000 -- $85 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $1,973 $116,039 $32,021 $84,018
2025 $1,937 $113,765 $31,394 $82,371
2024 $1,890 $111,536 $30,779 $80,757
2023 $1,890 $109,350 $30,176 $79,174
2022 $1,836 $107,207 $29,585 $77,622
2021 $1,732 $105,106 $29,005 $76,101
2020 $1,696 $104,030 $28,708 $75,322
2019 $1,661 $104,030 $28,708 $75,322
2018 $1,624 $99,994 $27,595 $72,399
2017 $1,611 $98,034 $27,054 $70,980
2016 $1,492 $96,114 $26,524 $69,590
2015 $1,479 $94,671 $26,126 $68,545
2014 $1,431 $92,818 $25,615 $67,203
Source: Public Records

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 13550064

Regional Multiple Listing Service (RMLS)
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